Ground or earth is the reference point in an electrical circuit from which other voltages are measured, or is a common return path for electric current, or a direct physical connection to the Earth.
SOURCE: wikipedia - Ground (Electricity)
Electrical circuits may be connected to ground (earth) for several reasons. In mains powered equipment, exposed metal parts are connected to ground to prevent contact with a dangerous voltage if electrical insulation fails. Connections to ground limit the build-up of static electricity when handling flammable products or when repairing electronic devices. In some telegraph and power transmission circuits, the earth itself can be used as one conductor of the circuit, saving the cost of installing a separate return conductor.
For measurement purposes, the Earth serves as a (reasonably) constant potential reference against which other potentials can be measured. An electrical ground system should have an appropriate current-carrying capability in order to serve as an adequate zero-voltage reference level. In electronic circuit theory, a "ground" is usually idealized as an infinite source or sink for charge, which can absorb an unlimited amount of current without changing its potential. Where a real ground connection has a significant resistance, the approximation of zero potential is no longer valid. Stray voltages or earth potential rise effects will occur, which may create noise in signals or if large enough will produce an electric shock hazard.
The use of the term ground (or earth) is so common in electrical and electronics applications that circuits in portable electronic devices such as cell phones and media players as well as circuits in vehicles such as ships, aircraft, and spacecraft may be spoken of as having a "ground" connection without any actual connection to the Earth. This is usually a large conductor attached to one side of the power supply (such as the "ground plane" on a printed circuit board) which serves as the common return path for current from many different components in the circuit.