SPARC defines open access as:
The free use of research coupled with the rights to use these articles in a digital environment.
https://sparcopen.org/open-access/
Public Access - is research that is required to be public due to grants or funding.
Gold OA: Means publishing with publishers that automatically and immediately make the work available online to all at no cost. (Jill Cirasella)
Green OA: Refers to materials that, regardless of where else they appear, are made available at no charge in an online open acces repository committed to long-term preservation. Journals are called "green" if they permit authors to self-archive their articles in OA repositories. (Jill Cirasella)
Hybrid Journals: These are journals that support open access and are basically two journals in one: a subscription journal and an open access journal. After acceptance you can choose how you wish to publish your article. (Elsevier)
Impact Factor: “Average number of times articles from the journal published in the past two years have been cited in the JCR year” (JCR glossary).
In other words, it is a measure of a journal’s relative importance in a subject category, and a legitimate source for impact factors is Thomson Reuters’ Journal Citation Reports®
Open Access (OA) Literature: Barrier-free access to online works and other resources. OA literature is digital, online, free of charge, and free of needless copyright and licensing restrictions. (Peter Suber)
PROS:
CONS: