The document discusses derivational and inflectional morphology in English, explaining how derivational morphemes create new words and change meanings, while inflectional morphemes modify existing words to convey grammatical information without altering their grammatical category. It details various derivational prefixes and suffixes, along with their effects on word forms, and distinguishes inflectional morphemes by their functions, such as indicating tense and plurality. Key differences between derivation and inflection include productivity, lexical versus grammatical meanings, and their organizational structures.