Equilibrium is a state in a closed system were the amounts of reactants and products reach a balance, the forward reaction will be going at exactly the same rate as the backward reaction
Le Chatelier's principle is if you change the conditions of a reversible reaction at equilibrium, the system will try to counteract the change
Increase temperature, yield of endothermic reaction will increase, yield of exothermic will decrease
Increase pressure favours the reaction which produces less volume of gases
Increase concentration of a reactant, system will make more products to decrease it