Development of the geologic time scale and dating of formations and rocks relies upon two fundamentally different ways of telling time: relative and absolute.

Simply stated, each bed in a sequence of sedimentary rocks (or layered volcanic rocks) is younger than the bed below it and older than the bed above it.
This law follows two basic assumptions: (1) the beds were originally deposited near horizontal, and (2) the beds were not overturned after their deposition.
The nuclear decay of radioactive isotopes is a process that behaves in a clock-like fashion and is thus a useful tool for determining the absolute age of rocks.
Radioactive decay is the process by which a “parent” isotope changes into a “daughter” isotope.
For example, shells, wood, and other material found in the shoreline deposits of Utah’s prehistoric Lake Bonneville have yielded absolute dates using this method.