When You Create a Form in the Visual Studio IDE

When you create a Form in the Visual Studio IDE, the IDE automatically generates code to support the Form and any Controls that you place on the Form.What do you know about the Form under development given the following snippet of code generated by the IDE?
private void InitializeComponent()
{
this.label1 = new System.Windows.Forms.Label();
this.okButton = new System Windows.Forms.Button();
...
}