Color theory involves the color wheel, primary colors (red, yellow, blue), secondary colors (green, orange, purple), and tertiary colors. Color harmony refers to pleasing color combinations and is influenced by analogous colors (next to each other on the wheel), complements (opposite each other), and nature. Color has natural associations based on nature and cultural/psychological associations that can be positive or negative. How color is perceived depends on factors like context, quantity, shape, and combinations with other colors.