Enzymes catalyze biochemical reactions with great specificity and efficiency under mild conditions. Enzyme kinetics follows defined rate laws that can be modeled using Michaelis-Menten equations. The Michaelis-Menten equation relates reaction velocity to substrate concentration and defines kinetic parameters like Vmax and KM. Reaction rates are influenced by factors like temperature, pH, and the presence of inhibitors or activators. Different types of inhibition - competitive, uncompetitive, mixed - affect kinetic parameters in characteristic ways. Irreversible inhibitors permanently inactivate the enzyme through covalent modification.