Final answer:
Private IP Addresses are used within a private LAN to create an IP Internetwork. They allow for communication within a network without the use of a public IP address, ensuring that devices can interact internally. Other types of IP addresses include public, dynamic, and static IPs, which have different use cases.
Step-by-step explanation:
The Private IP Addresses can be used within a private LAN (intranet) to create an IP Internetwork. Private IP addresses are reserved for internal use within private networks and are not routable on the internet. These addresses allow for local communications within a network without using a public IP address. Organizations use these to create internal networks, ensuring that devices within the network can communicate with each other while remaining isolated from the external internet.
On the other hand, public IP addresses are unique and used to identify devices globally on the internet. Dynamic IP addresses are assigned automatically and can change over time, while static IP addresses are fixed and do not change. Although dynamic and static IPs can be either public or private, the term 'private' specifically refers to a range of IP addresses that are not used on the public internet.