The Wnt pathway consists of several components, including Wnt ligands, Frizzled receptors, LRP5/6 co-receptors, and intracellular mediators like Beta-catenin. When Wnt ligands bind to their receptors, a signal is transduced that prevents the degradation of Beta-catenin, allowing it to accumulate and translocate to the nucleus where it activates target genes involved in cell proliferation and survival.