Angular 4 and Firebase provide an easy way to build full-stack web applications. Firebase handles data modeling, hosting, authentication, notifications and other services. AngularFire2 allows binding Angular applications to Firebase's realtime database and services. The document outlines how to set up an Angular application with Firebase, including initializing AngularFire2, retrieving and saving data to Firebase, user authentication, and push notifications. Firebase's no-server architecture removes the need to manage backend infrastructure.