1) Modulation involves changing characteristics of a high-frequency carrier signal according to an information signal. This allows signal transmission over long distances and multiple signals over the same channel.
2) The main modulation types are amplitude modulation (AM), which changes amplitude; frequency modulation (FM), which changes frequency; and phase modulation (PM), which changes phase.
3) AM is the simplest form and varies the carrier amplitude by the information signal. It has advantages of simplicity but is inefficient in power and bandwidth usage, and susceptible to noise.