The document discusses chemical equilibrium, which occurs when a reversible reaction reaches a state where the rates of the forward and reverse reactions are equal. It provides examples of reversible reactions using double-headed arrows and explains that at equilibrium, the concentrations of reactants and products remain constant. The document also discusses how equilibrium can be determined through techniques like titration and spectroscopy, and how the equilibrium constant Kc is calculated based on the concentrations of reactants and products in the balanced chemical equation.