Java Server Page (JSP) is a technology that helps create web applications similarly to servlets. JSP pages contain HTML code and JSP tags, making them easier to maintain than servlets by separating design from development. JSP provides additional features like expression language and custom tags. JSP is an extension of servlets and allows using implicit objects, predefined tags, and expression language to simplify development compared to servlets. A JSP page is translated to a servlet by the JSP translator, then compiled and executed similarly to servlets through initialization, request processing, and destruction.