Physical or logical arrangement of network is

The speed of the transmission data is generally determined by the cables or connectors we use for data transmission. In networking, layer-1 the physical is which deals with the network cables like pins, usb, connectors, etc... we use for data transmission.

The network layer concerns with the packets. It brings the packets from the source to the destination.

Application layer protocol defines types of messages exchanged, message format, syntax and semantics and rules for when and how processes send and respond to messages.

Ethernet uses Bus topology.

A network is nothing but 2 or more computers are grouped together to share information and resources and the that arrangement is called a topology.

Cluster network topology is not a common type.

There are two IP address assigned to each device on a Wi-Fi network.

An Internal (Private) and an External (Public) IP address.

Internal IP address is used for communication between Your computer and a smartphone or whatever devices that are connected to that Wifi network. This is unique for each. If they are same the system cannot differentiate between each device.

While, the External IP address is that visible to the the internet - the websites, the internet connected Apps so on. By default, Routers with NAT (all routers today have it) assign same Public IP address to all devices under its network.

In Computers ::

A network is a collection of computers, servers, mainframes, network devices, peripherals, or other devices connected to one another to allow the sharing of data.

An excellent example of a network is the Internet, which connects millions of people all over the world. Below is an example image of a home network with multiple computers and other network devices all connected to each other and the Internet.

Ex:: LAN, WAN, MAN, WLAN,...

In Business view::

Networking is defined as the act of making contact and exchanging information with other people, groups and institutions to develop mutually beneficial relationships.