In a most common words, shutter speed is the amount of time that the shutter is open.. In Photography, the length of time that the film is exposed to the scene you’re photographing and similarly in digital photography shutter speed is the length of time that your image sensor ‘sees’ the scene you’re attempting to capture.
Shutter Speed is a sort of camera setting that takes control over the length of time the shutter is open, it's also allowing light through the lens to the sensor inside your camera. In most cameras, Shutter speeds can go from very small fractions of a second, to several seconds longer. In a very simple words, the longer the shutter is open, the more chance there is of ending up with a blurred image. The slightest of movements while the shutter is open will register as a blurred effect. Sometimes this can be the desired effect, but most of the time you want a sharp image. Using a tripod, sitting the camera on a solid object like a wall or the floor or holding the camera against a solid object like a big tree or wall can help reduce the chances of getting blurry images.
These days in a most digital cameras are having a fully automatic setting that decides automatically what settings are perfect, which leaves no worry at all, just point the camera in the right direction and start shooting by pressing the button. This might be the mode you use all the time, but it is worth experimenting with these settings yourself to see what effects they give. All you need to understand and start experimenting these kind of settings and what they can do to your image you will open up a whole new range of photographic opportunities and much more creative and pleasing photos. Wish you Happy Clicking !!