What is the difference between fantasy and Paranormal?

I'm going to keep it simple, because A. To get to the point, and B. I don't have much time :).

Fantasy: When the setting is a made-up world, the characters of a unnatural species, etc.

Paranormal: Basically, when supernatural things happen, though the world and it's normal laws stays the same as we know.

Ghost story: Paranormal, because it happens in our world.

Mermaid's in Atlantis: Fantasy, because mermaids don't exist at all ( D: ) and Atlantis, while believed exists, will have to be in the Author's view, because none of us know exactly, or if, things live there.

Traditionally, paranormal reports deal certainly with ghosts, posession or the useless and most likely manage state-of-the-art time durations. Fantasy reports could have paranormal parties in them however deal extra with magic, elves, dwarves, goblins, dragons and take situation in a medeval form atmosphere. An instance of a magical tale might be "The Exorcist". An instance of a myth tale might be "Harry Potter" or "Lord of the Rings".

magic, another realm, witches, witchcraft and legendary creatures are fantasy because most of them are made up by the author creative imagination that's why it were fantasy while paranormal or supernatural are like ghost, mostly the one that we already we heard of