Cells are the basic unit of all living organisms, containing organelles and bounded by a plasma membrane. The cell theory, developed by Schleiden and Schwann in the 1800s, states that all living things are composed of cells, cells are the fundamental unit of life, and new cells are produced from existing cells. Key cellular components include the plasma membrane, cytoplasm, genetic material (DNA or RNA), and ribosomes. Cells carry out functions like metabolism, communication, and inheritance of DNA.