A myth is about gods or supernatural heroes. As sacred stories, myths are often endorsed by rulers and priests and closely linked to religion. Myths generally take place in a primordial age, when the world had not yet achieved its current form. They explain how the world gained its current form and how customs, institutions, and taboos were established.
Closely related to the myth are legend and folktale. Myths, legends, and folktales are different types of traditional story.
Unlike myths, folktales can take place at any time and any place, and they are not considered true or sacred even by the societies that tell them.
Like myths, legends are stories that are traditionally considered true; however, they are set in a more recent time, when the world was much as it is today.
A parable is a brief, succinct story, in prose or verse, that illustrates a moral or religious lesson. parables generally feature human characters.
A fable uses animals, plants, inanimate objects, and forces of nature as characters.
SOURCE: Wikipedia.org
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