Bearings are machine elements that support an applied load and reduce friction between relatively moving parts. There are two main types: rolling contact bearings, which transfer load through rolling elements like balls or rollers, and journal/sleeve bearings, which transfer load through a thin film of lubricant. Bearings must be selected based on factors like load type (radial, thrust), speed, life requirements, space limitations, and accuracy. Common bearing types include ball bearings, roller bearings, tapered bearings, and linear bearings. Proper bearing selection, mounting, and lubrication are necessary to ensure long life and reliability.