Enzymes catalyze biochemical reactions and lower their activation energy. They do this by holding molecules together, moving electrons between them, and physically manipulating their structures. Enzymes control reaction rates by forming enzyme-substrate complexes at each step. Kinetic studies examine how factors like temperature, concentrations, and effectors influence reaction rates. The Michaelis-Menten model describes how enzyme velocity increases with substrate concentration until plateauing at maximum velocity. Key parameters are KM, the substrate concentration at half-maximal velocity, and kcat, the enzyme's turnover number. Enzyme inhibitors are used as drugs and studied to understand regulation.