A process is a running program with a unique ID that can be retrieved using os.getpid(). Processes can have child processes with IDs retrieved by os.getppid(). Multiprocessing allows a system to run multiple processes simultaneously. The Process class is used to create processes that execute target functions. Process synchronization prevents race conditions when accessing shared resources through critical sections. The Lock class manages access to shared resources across processes. Threads are sequences of execution within a process that can improve program throughput.