coaxial speakers have crossovers in them.
a crossover sends the high frequencies to the tweeter and the low frequencies to the woofer.
without a crossover, your tweeters and woofers will be forced to produce ALL the frequencies that your music produces. Which is probably 20hz - 20khz
20 hz will break your crappy woofers, and make your tweeter instantly rip itself apart.
10k hz will make your woofer catch fire.
Think about it, tweeters are made out of paper and silk, they're made to move incredibly fast.
If you hear a low frequency, you can feel it as well. You can't feel a high frequency. Thats because low frequencies move a lot more air. In order to move more air, the low frequency speakers have to be bigger, and heavier, and move farther.
If your tweeters try to move the amount of air it takes to produce a 20hz frequency, it will fall apart.
Also, your woofers probably can't handle frequencies as low as 20hz (but your cd player can play 20hz frequencies.)
so without any type of crossover, you would completely ruin your speakers.
Now, active crossovers allow you to set your own crossover points. Lets say you buy individual tweeters and woofers (not in a pre-selected set). Your woofer might be designed to play up to 2khz, and your tweeter might be designed to play down to 1.5khz.
so you would set your crossovers accordingly. Maybe you feel like your stressing your tweeter by playing such low frequencies, so you could raise the crossover point to alleviate the stress on the tweeter.