The setting is an extremely important aspect of almost every piece of fiction and drama and can be an important element in poetry as well. The setting of a piece of literature is the time and place in which the story takes place. The definition of setting can also include social statuses, weather, historical period, and details about immediate surroundings. Settings can be real or fictional, or a combination of both real and fictional elements.
The plot of a story consists of the events that occur during the course of that story and the way in which they are presented to the reader. The plot is also sometimes referred to as the storyline. Aristotle posited that plots must have a beginning, middle, and end and that each event in the plot causes the next event to happen. In general terms, the narrative mode could encompass some basic storytelling elements.
The narrative point of view (POV) is the way of linking the narrator to the unfolding story. The POV reveals who is telling the story and points out the narrator’s relationship to the story events and characters.

•  First Person, where the narrator refers to him or herself as I. A story could feature multiple first-person narrators. And the narrator is virtually always a character in the story.

• Third-person, where the narrator refers to characters as she and he, never as I. The narrator in third-person may know only the experiences of a single character or may know what happens to all characters. The narrator may know what happens only when the viewpoint character(s) learns about events, so the narrator is omniscient.

A character (sometimes known as a fictional character) is a person or other being in a narrative. The character may be entirely fictional or based on a real-life person. Flat characters are two-dimensional, in that they are relatively uncomplicated. By contrast, round characters are complex figures with many different characteristics, that undergo development, sometimes sufficiently to surprise the reader. Dynamic characters are those that change over the course of the story, while static characters remain the same throughout.
A writer presents themes in a literary work through several means. A writer may express a theme through the feelings of his main character about the subject he has chosen to write about. Similarly, themes are presented through thoughts and conversations of different characters. Moreover, the experiences of the main character in the course of a literary work give us an idea about its theme. Finally, the actions and events taking place in a narrative are consequential in determining its theme. Major and minor themes are two types of themes that appear in literary works. A major theme is an idea that a writer repeats in his literary work, making it the most significant idea in the work. A minor theme, on the other hand, refers to an idea that appears in a work briefly, giving way to another minor theme. 

A plot is a series of events deliberately arranged so as to reveal their dramatic, thematic, and emotional significance.