diffrance between lan and wan

LAN	WAN
LAN stands for local area network.	WAN stands for wide area network.
LAN (Local Area Network) is a computer network covering a small geographic area, like a home, office, or group of buildings	WAN (Wide Area Network) is a computer network that covers a broad area (i.e., any network whose communications links cross metropolitan, regional, or national boundaries
EX: Network in an organization can be a LAN	Internet is the best example of a WAN
Typically owned, controlled, and managed by a single person or an organization	WANs (like the Internet) are not owned by any one organization but rather exist under collective or distributed ownership and management
LANs have a high data transfer rate	WANs have a lower data transfer rate as compared to LANs
A LAN is cheaper than WAN.	WAN is more expensive than LAN.
LAN is note connection oriented.	WAN is connection oriented.
LAN uses the Ethernet standard.	WAN uses the T1 standard.