An emulsion is a colloidal dispersion in which both the dispersed phase and the dispersion medium are liquids and the two liquids involved are otherwise immiscible.
1. Oil in water type, in which oil is a dispersed phase and water is the dispersion medium, For example: milk is as emulsion of liquid fat dispersed in water.
2. Water in oil type. in which water is the dispersed phase and oil is thedispersion medium. For example: cod liver oil is an emulsion of water in oil in which water is the dispersed phase and oil is the dispersion medium.