The document discusses different components involved in translating a high-level programming language code into an executable program. It describes the functions of compilers, assemblers, linkers, and loaders. Specifically, it explains that a linker merges object files and library routines to create an executable file by performing relocation and resolving references between modules. A loader then allocates memory, performs relocation, and loads the executable code into memory to start program execution. The document also compares static and dynamic linking and different types of loaders.