Maxwell's equations consist of six unknowns related to the electric and magnetic fields, but they yield eight partial differential equations when separated component-wise. The discussion highlights the necessity of boundary conditions for unique solutions and emphasizes that there are really only three independent Maxwell's equations, with Gauss' Law for Magnetism derivable from the others. The introduction of potentials simplifies the equations, allowing for the identification of charge and current densities as second derivatives. The mutual consistency of the equations is maintained through the continuity equation, which reflects charge conservation. Overall, the equations are interdependent, and while magnetic monopoles are theoretically possible, they have not been observed.