Local area networks (LANs) are privately owned networks within a single building or campus that connect devices like personal computers and workstations. They allow for resource and information sharing between devices. LANs are distinguished by their small size of up to a few kilometers, transmission technologies used, and network topologies. Metropolitan area networks (MANs) cover larger geographical areas like an entire city and provide internet connectivity to multiple LANs. While MANs provide greater access and sharing, they are more costly and difficult to implement than LANs due to requiring more hardware, software, and security measures over a wider area.