What are the basic components of .NET platform?

The basic components of .NET platform (framework) are:  
                  .Net Applications
        (Win Forms,Web Applications,Web Services)
         Data(ADO.Net) and XML Library
          FrameWork Class Library(FCL)      
        (IO,Streams,Sockets,Security,Reflection,UI)
       Common Language Runtime(CLR)
             (Debugger,Type Checker,JITer,GC)
                    Operating System
          (Windows,Linux,UNIX,Macintosh,etc.,)

Common Language Runtime (CLR):

The most important part of the .NET Framework is the .Net Common Language Runtime (CLR) also called .Net Runtime in short. It is a framework layer that resides above the Operating System and handles/manages the execution of the .NET applications. Our .Net programs don't directly communicate with the Operating System but through CLR. 

MSIL (Microsoft Intermediate Language) Code:

When we compile our .Net Program using any .Net compliant language like (C#, VB.NET, C++.NET) it does not get converted into the executable binary code but to an intermediate code, called MSIL or IL in short, understandable by CLR. MSIL is an OS and H/w independent code. When the program needs to be executed, this MSIL or intermediate code is converted to binary executable code, called native code. The presence of IL makes it possible the Cross Language Relationship as all the .Net compliant languages produce the similar standard IL code. 

Just In Time Compilers (JITers):

When our IL compiled code needs to be executed, CLR invokes JIT compilers which compile the IL code to native executable code (.exe or .dll) for the specific machine and OS. JITers in many ways are different from traditional compilers as they, as their name suggests, compile the IL to native code only when desired e.g., when a function is called, IL of function's body is converted to native code; just in time of need. So, the part of code that is not used by particular run is not converted to native code. If some IL code is converted to native code then the next time when its needed to be used, the CLR uses the same copy without re-compiling. So, if a program runs for sometime, then it won't have any just in time performance penalty. As JITers are aware of processor and OS exactly at runtime, they can optimize the code extremely efficiently resulting in very robust applications. Also, since JITer knows the exact current state of executable code, they can also optimize the code by in-lining small function calls (like replacing body of small function when its called in a loop, saving the function call time). Although, Microsoft stated that C# and .Net are not competing with languages like C++ in efficiency, speed of execution, JITers can make your code even faster than C++ code in some cases when program is run over extended period of time (like web-servers).

Framework Class Library (FCL):

.NET Framework provides huge set of Framework (or Base) Class Library (FCL) for common, usual tasks. FCL contains thousands of classes to provide the access to Windows API and common functions like String Manipulation, Common Data Structures, IO, Streams, Threads, Security, Network Programming, Windows Programming, Web Programming, Data Access, etc. It is simply the largest standard library ever shipped with any development environment or programming language. The best part of this library is they follow extremely efficient OO design (design patterns) making their access and use very simple and predictable. You can use the classes in FCL in your program just as you use any other class and can even apply inheritance and polymorphism on these.

Common Language Specification (CLS):

Earlier we used the term '.NET Compliant Language' and stated that all the .NET compliant languages can make use of CLR and FCL. But what makes a language '.NET compliant language'? The answer is Common Language Specification (CLS). Microsoft has released a small set of specification that each language should meet to qualify as a .NET Compliant Language. As IL is a very rich language, it is not necessary for a language to implement all the IL functionality, rather it meets the small subset of it, CLS, to qualify as a .NET compliant language, which is the reason why so many languages (procedural and OO) are now running under .Net umbrella. CLS basically addresses to language design issues and lays certain standards like there should be no global function declaration, no pointers, no multiple inheritance and things like that. The important point to note here is that if you keep your code within CLS boundary, your code is guaranteed to be usable in any other .Net language.

Common Type System (CTS):

.NET also defines a Common Type System (CTS). Like CLS, CTS is also a set of standards. CTS defines the basic data types that IL understands. Each .NET compliant language should map its data types to these standard data types. This makes it possible for the 2 languages to communicate with each other by passing/receiving parameters to/from each other. For example, CTS defines a type Int32, an integral data type of 32 bits (4 bytes) which is mapped by C# through int and VB.Net through its Integer data type.

Garbage Collector (GC):

CLR also contains Garbage Collector (GC) which runs in a low-priority thread and checks for un-referenced dynamically allocated memory space. If it finds some data that is no more referenced by any variable/reference, it re-claims it and returns the occupied memory back to the Operating System; so that it can be used by other programs as necessary. The presence of standard Garbage Collector frees the programmer from keeping track of dangling data.

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