The first question is answered easier after answering the second.
A dedicated graphics card looks a little something like this
Integrated graphics is a small part of your cpu, like this
I didn't add scales, but the first thing is 260 mm long (although there are lots of smaller versions) and the second is . . . 4*4 mm?
The dedicated card is bigger, badder, more powerful and if you want to game; pretty much what you want. It's
dedicated, because graphics is all it does.
The integrated graphics is smaller, lighter and more energy efficient. And if you use office and browse the internet; all you need. It's
integrated because it is a small part of the CPU.
A dedicated graphics card comes with its own memory (VRAM - Video RAM). 2 Gb is pretty standard now, but you can get more (and less).
The integrated graphics doesn't have room for its own memory, so it uses the part of the memory of your RAM. Or it
shares the RAM, hence the name.
That means that your 8 Gb RAM computer will have part of that used by the graphics, whereas a dedicated card will not touch the 8 Gb RAM because it has its own 2 Gb VRAM.
Now, you won't find the monster I posted earlier in a laptop (although they do actually make those, or something like it) but there are laptops with dedicated graphics cards.
Whether you need one . . . . is up to you. What do you want to use it for?
If the answer doesn't include
Gaming (and I'm not talking solitaire)
Video / photo editing
Engineering programs
you probably won't. Or at least, you can make due with something a lot smaller (and more portable) than the thing I showed above.