Flex is a framework for creating rich internet applications (RIAs) using Flash Player. It includes languages like ActionScript and MXML, a component framework, and an integrated development environment. Flex allows building cross-platform apps with rich controls that run on all browsers. Developers use MXML to lay out user interfaces and ActionScript for interactivity. It provides reusable UI components and handles events. Flex apps have advantages like broad reach, performance, and rich media support, though they require the Flash Player and have no server-side components.