A LAN is a high-speed network covering a small geographic area that connects devices like computers and printers. It allows shared access to devices, file sharing, and communication via email. LANs use protocols like Ethernet and Token Ring and media access methods like CSMA/CD and token passing to allow devices to communicate on the shared network medium. Common LAN devices include hubs, switches, bridges, and routers that operate at the data link layer and network layer to connect, segment, and route traffic between LAN segments.