Wow thank you so much for taking the time to write that!
So let me get this straight:
stage one: an information signal is produced from an optoelectronic/electronic-opto or input/output transducer (I really get mixed up with these.. eg. micrphone) carries the information wave.
stage 2: the output signal from say an LD or LED (LD has a much narrower band, coherent light and efficient signal transmission with little energy loss) is modulated with the information wave an transmitted over some distance or destination.
stage 3: the emitted modulated light is carried to a receiver which is usually a Photodiode or phototransistor. (are these in reverse bias and if so why?) these component/s convert the modulated wave via demodulation back into the original information signal (data wave)
stage 4: i remember something that my teacher mentioned; it was the reason the signal was modulated via an input/output transducer... correct me if i'm wrong
Thanks for replying again, i know it was a big ask but it just seemed like such a confusing and clutter topic in my head.
just another question:
I know that photodiodes are more sensitive have reaction times in the nano where as phototransistors have reaction times in the mega (or is that milli?) is that all we need to know regarding these components?
and also.. regarding the amplitude of the carrier wave, information/data wave or signal, modulated wave and demodulated wave. I'm a little hazy with these but i'll tell you what i know and hopefully you can correct me

Carrier wave has a high frequency
data wave can either be analogue (taking any input value within a range) thus irregular amplitude or digital (only taking a limited number of values) thus having a

amplitude (I don't know that much about analogue and digital systems, my teacher brushed over once in class)
modulated wave is also has an irregular amplitude as it is a combination of the carrier and data wave.
the demodulated wave is presented as the output of the original signal (data wave)??