A bus, in computing, is a set of physical connections (cables, printed circuits, etc.) which can be shared by multiple hardware components in order to communicate with one another.
The purpose of buses is to reduce the number of "pathways" needed for communication between the components, by carrying out all communications over a single data channel. This is why the metaphor of a "data highway" is sometimes used.

If only two hardware components communicate over the line, it is called a hardware port (such as a serial port or parallel port).
A bus is characterised by the amount of information that can be transmitted at once. This amount, expressed in bits, corresponds to the number of physical lines over which data is sent simultaneously. A 32-wire ribbon cable can transmit 32 bits in parallel. The term "width" is used to refer to the number of bits that a bus can transmit at once.
Additionally, the bus speed is also defined by its frequency (expressed in Hertz), the number of data packets sent or received per second. Each time that data is sent or received is called a cycle.
This way, it is possible to find the maximum transfer speed of the bus, the amount of data which it can transport per unit of time, by multiplying its width by its frequency. A bus with a width of 16 bits and a frequency of 133 MHz, therefore, has a transfer speed equal to:
16 * 133.106 = 2128*106 bit/s, or 2128*106/8 = 266*106 bytes/s or 266*106 /1000 = 266*103 KB/s or 259.7*103 /1000 = 266 MB/s
In reality, each bus is generally constituted of 50 to 100 distinct physical lines, divided into three subassemblies:
There are generally two buses within a computer:
A chipset is the component which routes data between the computer's buses, so that all the components which make up the computer can communicate with each other. The chipset originally was made up of a large number of electronic chips, hence the name. It generally has two components:

It is interesting to note that, in order to communicate, two buses must have the same width. The explains why RAM modules sometimes have to be installed in pairs (for example, early Pentium chips, whose processor buses were 64-bit, required two memory modules each 32 bits wide).
Here is a table which gives the specifications for the most commonly used buses:
| Standard | Bus width (bits) | Bus speed (MHz) | Bandwidth (MB/sec) |
|---|---|---|---|
| ISA 8-bit | 8 | 8.3 | 7.9 |
| ISA 16-bit | 16 | 8.3 | 15.9 |
| EISA | 32 | 8.3 | 31.8 |
| VLB | 32 | 33 | 127.2 |
| PCI 32-bit | 32 | 33 | 127.2 |
| PCI 64-bit 2.1 | 64 | 66 | 508.6 |
| AGP | 32 | 66 | 254.3 |
| AGP (x2 Mode) | 32 | 66x2 | 528 |
| AGP (x4 Mode) | 32 | 66x4 | 1056 |
| AGP (x8 Mode) | 32 | 66x8 | 2112 |
| ATA33 | 16 | 33 | 33 |
| ATA100 | 16 | 50 | 100 |
| ATA133 | 16 | 66 | 133 |
| Serial ATA (S-ATA) | 1 | 180 | |
| Serial ATA II (S-ATA2) | 2 | 380 | |
| USB | 1 | 1.5 | |
| USB 2.0 | 1 | 60 | |
| FireWire | 1 | 100 | |
| FireWire 2 | 1 | 200 | |
| SCSI-1 | 8 | 4.77 | 5 |
| SCSI-2 - Fast | 8 | 10 | 10 |
| SCSI-2 - Wide | 16 | 10 | 20 |
| SCSI-2 - Fast Wide 32 bits | 32 | 10 | 40 |
| SCSI-3 - Ultra | 8 | 20 | 20 |
| SCSI-3 - Ultra Wide | 16 | 20 | 40 |
| SCSI-3 - Ultra 2 | 8 | 40 | 40 |
| SCSI-3 - Ultra 2 Wide | 16 | 40 | 80 |
| SCSI-3 - Ultra 160 (Ultra 3) | 16 | 80 | 160 |
| SCSI-3 - Ultra 320 (Ultra 4) | 16 | 80 DDR | 320 |
| SCSI-3 - Ultra 640 (Ultra 5) | 16 | 80 QDR | 640 |