What is the primary difference between a first-person and a third-person narrator?

A first-person narrator is a character within the story, while a third-person narrator is outside the story.

In the context of narration, what does 'limited' mean when describing a third-person narrator?

A limited third-person narrator sticks close to one character’s thoughts and feelings.

An unreliable narrator can create suspense or draw attention to under-acknowledged failings by providing a biased or dishonest account.

Second person is less common. An author might choose it to build urgency, suspense, or to distance the narrator from their own story.

Point of view shapes the reader's closeness to characters, the amount of information available, and the overall interpretation of events.

I can analyze how a narrator's perspective shapes the portrayal of events in a text.

1
In a story told from third person point of view, the narrator is outside of the story, while in a story told from first person point of view, the narrator is a character in the story, as seen in the Rapunzel examples.
2
A first person narrator creates closeness between the reader and the narrator, but the narrator can be unreliable, as seen in Kazuo Ishiguro’s novel, "The Remains of the Day".
3
Second person point of view requires the writer to make the reader suspend disbelief to become another “you,” and can be used to create urgency or distance, as in Italo Calvino's "If on a winter’s night a traveler".