Here's a breakdown:
* Eons: The largest division of geologic time. For example, the Phanerozoic Eon (the current eon).
* Eras: Subdivisions within an eon. For example, the Paleozoic Era, Mesozoic Era, and Cenozoic Era within the Phanerozoic Eon.
* Periods: Subdivisions within an era. For example, the Permian Period within the Paleozoic Era, or the Cretaceous Period within the Mesozoic Era.
* Epochs: Subdivisions within a period. For example, the Pleistocene Epoch within the Quaternary Period.
So, to summarize: Eras are the subdivisions of geologic time that contain multiple periods.