Signals are the physical representation of data that is transmitted through communication systems. They are functions of time and location, with parameters like amplitude, frequency, and phase that represent the data. Periodic signals like sine waves are commonly used as carriers for radio transmission. Signals can be represented in the time domain, frequency domain, or phase domain. Propagation effects like path loss, reflection, diffraction, and scattering impact radio signals as they travel from the transmitter to the receiver.