This document discusses stacks as a linear data structure that follows the LIFO (Last-In First-Out) principle. Key points include: - Stacks allow insertion and deletion from one end only (the top) through PUSH and POP operations. - Common applications of stacks include reversing strings, checking validity of expressions with nested parentheses, and converting infix notation to postfix notation for arithmetic expressions. - The document provides examples and algorithms for common stack operations like insertion, deletion, and display.