The circulatory system, also known as the cardiovascular system, circulates blood to transport nutrients, oxygen, and hormones while maintaining homeostasis. It comprises the heart, blood, and blood vessels, including pulmonary and systemic circulation, with arteries carrying oxygenated blood away from the heart and veins returning deoxygenated blood. Proper circulation is essential for overall health, as poor blood flow can lead to serious medical conditions like blood clots and heart disease.