advertisement vs flyer

advertisement and flyer both are nouns.

Word	Noun	Adjective	Verb	Adverb
advertisement	Yes	No	No	No
flyer	Yes	No	No	No

As nouns, flyer is a hyponym of advertisement; that is, flyer is a word with a more specific, narrower meaning than advertisement:

advertisement: a public promotion of some product or service
flyer: an advertisement (usually printed on a page or in a leaflet) intended for wide distribution

advertisement (noun)	flyer (noun)
a public promotion of some product or service	an advertisement (usually printed on a page or in a leaflet) intended for wide distribution
	someone who travels by air
	someone who operates an aircraft