Laminate flooring is not real wood, at least not in the way that hardwood and engineered wood are. It's comprised of a thin top layer of resin-infused paper, all on top of a wood-chip composite. So, technically it is wood, but only in the way that beverages with 5 percent juice are called juice.
Among the advantages of laminate flooring are its scratch-resistance, ease of installation, and low cost. Some of the disadvantages of laminate flooring are that it is vulnerable to moisture damage, it's slippery, and it cannot be sanded or repaired.