Paid Advertisements
Paid ads appear before the organic search results and sometimes they appear after them as well. They are the type of search results that have been paid to be displayed there, by the advertisers. The paid ads work on a pay-per-click basis, which means that the advertisers bid on that keyword and pay Google for every click.
The advertiser who bids higher on a keyword is preferred by Google and is ranked on the highest position in the SERPs. However, Google also takes other factors into accounts such as the relevance of paid ads or CTR
Usually, both types of results are indistinguishable and the main difference between paid ads and organic search results is the tag 'Ad' mentioned on the paid ads block in SERPs. In the old times, the paid ads just contained textual content but with advancements, they now consist of a wide range of formats of content display.