An orbit is the path that an object takes as it revolves around another object in space. This can be seen in the way the Earth orbits around the Sun, and the Moon orbits around the Earth. Orbits are governed by the gravitational pull between the objects involved, and the speed and direction of the moving object. The balance between the object's forward motion and the pull of gravity keeps it in a stable orbit.
Objects in orbit are in a state of free fall, constantly falling towards the object they are orbiting, while also moving forward at a high speed. The combination of these two motions keeps the object in a stable orbit. The speed of an object in orbit depends on its distance from the object it is orbiting - the closer it is, the faster it moves.