Depression is characterized by low mood, lack of interest in activities, and decreased activity in parts of the brain. It can range from mild to severe, affecting one's ability to function. The symptoms are caused by reduced levels of neurotransmitters like serotonin and norepinephrine in the brain. Treatment may involve lifestyle changes, psychotherapy, medication to increase neurotransmitter levels, electroconvulsive therapy for severe cases, or light therapy for seasonal depression.