This document discusses the physiology of the respiratory system. It describes that respiration involves the exchange of oxygen and carbon dioxide between the lungs and blood, and between blood and tissues. It also explains the process of breathing which includes inspiration that draws air into the lungs, and expiration which moves air out. The main parts of the respiratory system involved in breathing are also outlined, including the lungs, thoracic cavity, and associated muscles like the diaphragm and intercostal muscles that help expand and contract the chest cavity to inhale and exhale air.