Bushings,
There are all kinds of Bushings, Nylon, Brass, Alloy, Steel, Oil Channel, Oil less, Bearing....
The Nylon and Brass are usualy found in your standard Gun, they are the cheapest and in a standard configuration they will deliver great performance, the biggest problem, they wear out relativly fast.
Everything after that is for improvment, replacement or for Tuning, each have their benifits, and weak areas, not every typle is designed for every level of tuning, or to be used with every kind of gear set, i.e. you may not want to install Bearing Bushings in a Gun if you are running at the M150 level or above, there are Bearing Bushings on the Market that will handle that amount of power, but they are going to cost.
The whole reason for the bearings are as stated above, to hold your gears in place and to allow for proper alignment of each individual gear.