Networks connect computers and devices to enable sharing of resources and communication between users. They come in various topologies like bus, star, ring and hybrid and use different media like coaxial cable, twisted pair, fiber optic or wireless. Common networking technologies include Ethernet, Token Ring, WiFi and FDDI, each with their own standards and characteristics. Understanding networks involves knowledge of topologies, media, technologies and how they work together to transmit and receive signals that represent digital data.