An operating system is a software that enables all other programs and hardware to function properly. It provides a user interface, runs programs, manages devices and storage. The OS acts as an interface between users, programs, and hardware. It allows for efficient usage of computer resources through multitasking and parallel processing while also providing protection between users and programs. There are several types of operating systems including real-time, single-user/single-tasking, single-user/multitasking, and multi-user/multitasking operating systems.