
AdSense is focused towards website owners and allows them to earn money by placing Google ads on their array of sites. So for example, once you sign up and get approved all you do is add some HTML code to your site and the crawlers should automatically be able to do the rest. What they will do is to find out what your site is about by looking at the content and theme. It will then find all relevant advertisers and place their ads on your site. Now lets say a visitor find your site and clicks on an ad it find useful, you will now get a portion of the revenue that Google has generated. How much depends on many factors but the higher the quality of your site, the more chance you have of earning money.
As a publisher, you are trying to create a site that offers quality value content but also one of your main focuses will be to earn revenue by using means such as search engine optimisation (SEO) since this is the most cost effective way to build up your AdSense business.
Once a publisher site gets approved, it then becomes part of the ever growing 'content network' which is Google's huge list of websites from all around the world covering pretty much every subject on the planet.

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