Enzymes are biological catalysts that are highly specific and efficient in facilitating chemical reactions in living cells without altering equilibrium points, differing from simple catalysts by being protein-based and contextually active. They are categorized into various classes, like oxidoreductases and transferases, with a nomenclature system to classify their functions, involving a unique EC number for each enzyme. Enzymatic efficiency is influenced by their active sites, which facilitate binding and catalysis, and their specificity can be altered by physiological conditions.