Microbial metabolism involves a series of biochemical reactions that allow microbes to obtain energy and nutrients through catabolic pathways that break down molecules, and anabolic pathways that use this energy to construct new molecules. Primary metabolism produces essential compounds for growth, while secondary metabolism generates non-essential metabolites that provide competitive advantages. Key molecules like ATP, NADH, and acetyl CoA store and transfer energy to drive the construction of cellular components through anabolic reactions utilizing precursor metabolites.