A geometric progression is a sequence of numbers where each subsequent term is found by multiplying the previous term by a fixed ratio. The first term is denoted by a and the common ratio by r. The nth term is given by arn-1. The sum of the first n terms is given by (1 - rn) / (1 - r). The behavior of the sequence depends on the value of r, determining whether the terms grow, decay, or alternate in sign. Examples demonstrate calculating individual terms and sums of geometric progressions.