A bee colony consists of a queen, thousands of workers, and hundreds of drones. The queen is the largest bee and lays hundreds of eggs per day. Workers are female bees that take care of the hive through various roles like nursing, building wax cells, and foraging. Drones are male bees whose sole purpose is to mate with virgin queens. Workers and drones are dependent on the queen and workers for food, while the queen relies on workers for food and protection.