Hi,
Physical address refers to the address that comes with the device itself and that remains permanent for a device. It cannot be changed . For example the MAC(Medium Access Control) Address is a physical address. A particular machine will always have this address as long as it exists on the internet highway.
On the other hand , a logical address is the address that is given or assigned to a device which registers its presence on the internet highway. At a particular time this address will be unique for the device but it may change at some times in future.
IPv4 is an example of Logical Address.
Brijesh Singh
Gold, ISC