While folk stories, fairy tales, and myths all belong to the realm of traditional storytelling, they have key differences. Folk stories are generally rooted in the everyday experiences and beliefs of ordinary people and are often passed down by grandparents from generation to generation. Fairy tales, on the other hand, typically involve magical elements, fantastical creatures, and happy endings, aiming to entertain while imparting moral lessons. Myths are more closely tied to religious or spiritual beliefs, often explaining the origins of the world, gods, and human existence.