1) Morphemes are the smallest units of meaning in morphology. They include both bound morphemes like suffixes and prefixes, as well as free morphemes like root words.
2) Morphemes can have allomorphs, where the same meaning unit has different phonological forms depending on context. Regular allomorphs are predictable, while irregular forms must be memorized.
3) The internal structure of words is analyzed by breaking words into their constituent morphemes. This reveals the meaning of complex words like "unlockable". Compounding also combines morphemes, and can create new words with ambiguous structures.