Asthma is defined as a chronic inflammatory disorder of the airways, leading to episodic difficulty in breathing due to airway obstruction and hyper-responsiveness to various triggers, including allergens and environmental pollutants. It can be classified into extrinsic and intrinsic types, with management focusing on control of symptoms and reduction of exacerbations using various medications like bronchodilators and corticosteroids. Key assessments include lung function tests and a tailored treatment plan based on the severity of the condition.