An embedded system is a computer system with software embedded in hardware that performs specific tasks. It has three main components - hardware, application software, and an optional real-time operating system. Embedded systems are commonly microcontroller-based, have specialized functions, strict constraints, and must operate in real-time. They are used in devices like fire alarms, cars, phones, and consumer electronics. The document then discusses characteristics, advantages, disadvantages, structure, types of processors, and applications of embedded systems.