Operating system
Definition
An operating system is system software that manages a computer's hardware and software resources, and provides an environment and common services in which application programs can run.
Example
When you save a document, the word processor does not know where the file physically sits on the disk or how to command the drive. It asks the operating system, which handles the hardware and reports back whether the save succeeded.
Detailed Explanation
The OS exists so that application programmers do not have to rewrite hardware code for every model of disk, printer and graphics card ever made. It is a layer of shared, reusable machinery — which is exactly what makes it "system" software rather than an application.