There are three main types of balances used in clinical laboratories: physical balances, analytical balances, and monopan balances. Physical balances are open-pan balances used to weigh substances where great accuracy is not required. Analytical balances can measure small masses in the sub-milligram range and have components like a beam, pans, and an ivory scale. Monopan balances work on the principle of substitution, using counterpoise weights and calibrated weights to determine the weight of an unknown substance. Electronic balances use a null detector, feedback loop, and digital display to electromagnetically compensate for weights and provide highly accurate weight measurements.