The document defines and describes key literary elements used in stories, including setting, characters, plot, conflict, theme, and point of view. It notes that setting establishes the time and place of a story, and characters can be flat or round, main or minor. The plot involves an exposition, rising action, climax, falling action, and resolution. Conflict can be internal or external. Theme conveys a lesson or moral, while point of view determines if the story is told in first, third limited, or third omniscient perspective.