This document defines and provides characteristics of various types of folk and fairy tale literature, including fables, folk tales, fairy tales, epics and sagas, proverbs, myths, and legends. It notes that folk literature is primarily oral and transmits cultural information. Key characteristics listed include talking animals in fables, young protagonists and fantasy elements in fairy tales, historical events and verse for epics and sagas, wisdom and metaphor for proverbs, religious themes and gods/goddesses for myths, and identifiable time/location for legends. Common traits across types include concentrated action, stock characters, patterned language, fantasy elements, and exploration of universal human truths.