The document discusses the classification of governing equations for fluid flow based on their mathematical character. There are three main types of classifications: hyperbolic equations where information propagates at a finite speed along characteristics; parabolic equations where information travels in one direction along a single characteristic; and elliptic equations where information propagates equally in all directions with no preferred direction. The Navier-Stokes equations are parabolic for unsteady flows and elliptic for steady flows. The Euler equations depend on compressibility - steady subsonic flows are elliptic while steady supersonic and all unsteady compressible flows are hyperbolic. This classification determines the number of initial/boundary conditions needed to solve the equations.