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• The Operating System is the lowest layer of .NET platform. It could be any of
the Windows versions from Windows ME up to the present depending on the
system requirement of .NET.
• .NET Framework Class Libraries (or FCL) are the foundations of .NET that
include every resource that Microsoft users may want to have in their programs.
They are broad, object-oriented collection of reusable libraries containing
classes, interfaces, and values that add fundamental functionality to
applications.
Reference:
• Microsoft - Introducing Visual Studio.NET (n.d.). Retrieved May 2016 from
http://msdn.microsoft.com/en-uslibrary/fc6bk1f4(v=vs.71).aspx.