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Fourier transform
The Fourier transform represents a nonperiodic continuous-time signal by a continuous range of frequency components.
For a suitable signal $x(t)$, define
$$X(\omega)=\int_{-\infty}^{\infty}x(t)e^{-i\omega t},dt.$$
The inverse transform reconstructs the signal:
$$x(t)=\frac1{2\pi}\int_{-\infty}^{\infty}X(\omega)e^{i\omega t},d\omega.$$
Time domain and frequency domain
$x(t)$ describes how the signal changes with time. $X(\omega)$ describes the amplitude and phase associated with each angular frequency.
These are not two different signals; they are two representations of the same signal.
Bandwidth
A signal is band-limited when its Fourier transform is zero outside a bounded frequency interval. If
$$X(\omega)=0\qquad\text{for }|\omega|>\omega_B,$$
then $\omega_B$ is a highest angular frequency present in the idealized signal.
Operations become simpler
Differentiation in time corresponds to multiplication in frequency:
$$\frac{dx}{dt}\longleftrightarrow i\omega X(\omega).$$
Convolution in time corresponds to multiplication in frequency. These relationships make Fourier transforms central in signal processing and linear systems.
The idea of a finite bandwidth is also what allows the sampling theorem to state when a continuous-time signal can be reconstructed from discrete samples.