This document discusses dispersed systems such as emulsions, colloids, and suspensions. It begins by defining dispersed systems as particulate matter distributed throughout a continuous medium and classifies them based on particle size into molecular, colloidal, or coarse dispersions. The document then covers topics such as interfacial phenomenon, wetting, adsorption, surface active agents, micellar solubilization, and the use of these concepts in pharmacy. It provides details on emulsions, including the theories of emulsification, methods to determine emulsion type, emulsifying agents, and emulsion stability.