Natural frequency refers to the specific frequency at which an object oscillates when disturbed and allowed to move freely, independent of how it is initially pushed. Resonance occurs when an external force matches this natural frequency, resulting in maximum amplitude of oscillation. The discussion highlights that while the force applied can vary in magnitude, it does not affect the frequency of oscillation; instead, it influences the amplitude. For effective resonance, the timing of the applied force must be in phase with the object's motion, ensuring that energy is added constructively. Understanding these concepts is crucial for applications in various physical systems, including pendulums and springs.