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Microsoft .Net Framework is a platform that provides tools and technologies you need to build Networked Applications as well as Distributed Web Services and Web Applications. The .Net Framework provides the necessary compile-time and run-time foundation to build and run any language that conforms to the Common Language Specification (CLS). The main two components of .Net Framework are Common Language Runtime (CLR) and .Net Framework Class Library (FCL).
The Common Language Runtime (CLR) is the runtime environment of the .Net Framework , that executes and manages all running code like a Virtual Machine. The .Net Framework Class Library (FCL) is a huge collection of language-independent and type-safe reusable classes. The .Net Framework Class Libraries (FCL) are arranged into a logical grouping according to their functionality and usability is called Namespaces
The .NET Framework's Base Class Library provides a user interface, data access, database connectivity, cryptography, web application development, numeric algorithms, and network communications. Programmers produce software by combining their own source code with the .NET Framework and other libraries. The .NET Framework is intended to be used by most new applications created for the Windows platform. Microsoft also produces a popular integrated development environment largely for .NET software called Visual Studio.