1. An intranet is a private internal network that uses internet technologies like HTML and TCP/IP and is only accessible to authorized members of an organization. It provides collaboration and communication tools.
2. An extranet extends an organization's intranet to external partners, suppliers, and customers. It uses the same internet technologies and security measures as an intranet.
3. Both intranets and extranets provide advantages like low costs, easy access to information, and improved communication and collaboration. However, they also pose security and information overload risks that must be managed.