Viscosity is a fluid's resistance to flow and can be measured using viscometers, which classify into drag, concentric cylinders, and capillary tube types. Rotating viscometers, suitable for both Newtonian and non-Newtonian fluids, operate based on Newton's law of viscosity and measure shear stress between fluid layers. The document also outlines the construction, working principle, advantages, and disadvantages of rotating viscometers.