A network is formed when two or more computers are connected together.
When computers are networked, it allows them to share data and resources. For example: data such as an email can be passed between different computers on a network, or a printer can be accessed by many by multiple computers without a direct connection.
There are many different types of networks, all of which serve different purposes.
The terms Local Area Network (LAN) and Wide Area Network WAN refer to the physical area a network covers.
A Local Area Network (LAN) covers a small geographical area such as a building. All the hardware that makes up the LAN is privately owned, e.g. the company using the LAN owns the LAN.
Examples of LANs include:
LANs can include wired and wireless devices.
A Wide Area Network (WAN) connects LANs and computers over large geographical locations. WANs are owned by companies and access is rented or leased to its users (think about how people must pay for internet access).
Examples:
WANs connect devices and LANs using ethernet, fibre, satellite and phonelines.