Logical topology: The logical topology defines how the media is accessed by the hosts. It is used to describe the arrangement of devices on a network and how they communicate with one another. It is also referred to as Signal Topology.
Physical topology: The physical topology defines the actual layout of the wire i.e. media. It is concerned with the physical layout of the network; how the cables are arranged; and how the computers are connected. The physical topology of a network refers to the configuration of cables, computers, and other peripherals.