Physiological respiration is the complete process of respiration which includes physical and biochemical pathway. In physical pathway, there is an exchange of gasses that takes place with the help of respiratory organ i.e., lungs. In biochemical pathway, cells are involved where oxidation of food i.e. glucose takes place in mitochondria and cytoplasm in the presence of several respiratory enzymes.
Fish brought out of water die due to inability to respire. Fish gills are specialized for extracting oxygen from water and cannot effectively extract oxygen from air. The gills collapse and dry out outside water, making gas exchange impossible.