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Network topology is the arrangement of the various elements (links, nodes, etc.) of a computer network.[1][2] Essentially, it is the topological[3] structure of a network, and may be depicted physically or logically. Physical topology refers to the placement of the network's various components, including device location and cable installation, while logical topology shows how data flows within a network, regardless of its physical design. Distances between nodes, physical interconnections, transmission rates, and/or signal types may differ between two networks, yet their topologies may be identical.
A good example is a local area network (LAN): Any given node in the LAN has one or more physical links to other devices in the network; graphically mapping these links results in a geometric shape that can be used to describe the physical topology of the network. Conversely, mapping the data flow between the components determines the logical topology of the network.
The way in which the connections are made is called the topology of thecomputer network. Now I am discussing about network topology, Network topology specifically refers to the physical layout of the network, especially the locations of the computers and how the cable is run between them.
Four most common topologies are:
Bus
Star Ring
Mesh
Bus Topology:

Bus topologies All the devices on a bus topology are connected by one single cable. When one computer sends a signal up the wire, all the computers on the network receive the information, but only one accepts the information. The rest regrets the message. One computer can send a message at a time. A computer must wait until the bus is free before it can transmit. When the signal reaches the end of the wire, it bounces back and travels back up the wire. When a signal echoes back and forth along an unterminated bus, it is called ringing. To stop the signals from ringing, attach terminators at either end of the segment.

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