The event horizon is a null surface that marks the boundary between regions of spacetime that can send signals to infinity and those that cannot, specifically for black holes. The Schwarzschild radius represents the curvature of spacetime around a mass, such as a star, and is calculated based on the mass of the object. While the Schwarzschild radius is crucial for black holes, it also applies to other spherically symmetric objects, indicating the curvature at their surfaces. However, for non-black hole objects like the Sun, the Schwarzschild radius does not describe their interiors, as they are not vacuum solutions. Understanding these concepts requires a solid grasp of general relativity, often best achieved through thorough study of relevant texts.