Ascomycetes, belonging to the phylum Ascomycota, represent the largest group of fungi with around 64,000 species that include yeasts, molds, and edible varieties like morels and truffles. They reproduce sexually through the formation of sac-like structures called asci which contain ascospores, and asexually via conidia; both forms contribute to their ecological and economic significance, including food production and pharmaceuticals. Their diverse habitats enable them to be saprophytes, pathogens, or symbiotic partners, playing vital roles in ecosystems and various industries.