Hello CFisher, and Welcome.
The basics are current transmission (ma) and voltage transmission (V).
With current transmission, you connect your devices in a series loop, and usually only have one 'Sending' device, one 'Receiving' device, and one source of loop power. It is possible to have more than one 'Receiving' device, but for the most part, 'Current Loops' are one to one. They are very good in noisy enviornments, as the impedance of the overall loop is fairly low (typically less than 1000 ohms total, and more commonly around 250 ohms.
When using a 1-5ma, 2-10ma, or 4-20ma (the common levels for current loops), you have what is known as a 'Live Zero'. That means, that you can tell easily if there is a wire break, as the current will drop below the minimum value. The 0-xx ma loops don't offer this, and aren't used as much for analog transmission (they are often used for digital transmission, tty-style).
Voltage transmission can have one 'Sender' and multiple 'Receivers'. Voltage transmission systems are probably easier to work with, but have more problems with externally impressed noise on the actual signal. This is because they run at a much higher impedance (generally). Even when using a low source impedance signal source (as in an active, op-amp type output), the receivers (PLC Inputs, Drive's, Meters, etc) usually have an input resistance of well over 10,000 ohms. In some cases, you need to pay attention to the source impedance (such as when using a potentiometer) so that the load impedances don't cause the signal to actually be loaded down.
Voltage devices can be configured with a Live Zero, but it isn't a standard, and might still not recognize a wire-break due to impressed noise.
I hope that helps a bit, the smarter folk here will contribute better explanations I'm sure
Good luck!