The PageRank Concept 
  by Markus Sobek (PR Expert)
The PageRank Concept - carefully explained and what you can do with it - written by top SEO experts

Since the early stages of the world wide web, search engines have developed different methods to rank web pages. Until today, the occurence of a search phrase within a document is one major factor within ranking techniques of virtually any search engine. The occurence of a search phrase can thereby be weighted by the length of a document (ranking by keyword density) or by its accentuation within a document by HTML tags.

For the purpose of better search results and especially to make search engines resistant against automatically generated web pages based upon the analysis of content specific ranking criteria (doorway pages), the concept of link popularity was developed. Following this concept, the number of inbound links for a document measures its general importance. Hence, a web page is generally more important, if many other web pages link to it. The concept of link popularity often avoids good rankings for pages which are only created to deceive search engines and which don't have any significance within the web, but numerous webmasters elude it by creating masses of inbound links for doorway pages from just as insignificant other web pages.

Contrary to the concept of link popularity, PageRank is not simply based upon the total number of inbound links. The basic approach of PageRank is that a document is in fact considered the more important the more other documents link to it, but those inbound links do not count equally. First of all, a document ranks high in terms of PageRank, if other high ranking documents link to it.

So, within the PageRank concept, the rank of a document is given by the rank of those documents which link to it. Their rank again is given by the rank of documents which link to them. Hence, the PageRank of a document is always determined recursively by the PageRank of other documents. Since - even if marginal and via many links - the rank of any document influences the rank of any other, PageRank is, in the end, based on the linking structure of the whole web. Although this approach seems to be very broad and complex, Page and Brin were able to put it into practice by a relatively trivial algorithm.