Pixel resolution refers to the number of pixels in an image and is measured by dimensions in pixels and density in pixels per inch (ppi). Screen resolution is the number of pixels a screen can display and is usually 72-96 ppi. Bit resolution determines the number of colors that can be displayed, with 1 bit showing black and white, 8 bit showing 256 colors, and 24 bit showing millions of colors through allocation of bits to red, green, and blue components.