Dr. Nilesh Kate discusses acid-base balance. He defines acids as substances that can donate H+ ions and bases as substances that can accept H+ ions. Important physiological acids include carbonic, phosphoric, pyruvic, and lactic acids. Important bases include bicarbonate and biphosphate. pH is a measure of H+ ion concentration and is maintained between 6.8-8.0 for life. The body maintains acid-base balance through buffer systems, respiratory regulation, and renal regulation.