In the science of geology, there are two main ways we use to describe how old a thing is or how long ago an event took place. When you say that I am 38 years old or that the dinosaurs died out 65 million years ago, or that the solar system formed 4.6 billion years ago, those are absolute ages.
There are absolute ages and there are relative ages. We use a variety of laboratory techniques to figure out absolute ages of rocks, often having to do with the known rates of decay of radioactive elements into detectable daughter products.
Unlike the continuous ticking clock of the "chronometric" scale (measured in years before the year AD 2000), the chronostratigraphic scale is based on relative time units in which global reference points at boundary stratotypes define the limits of the main formalized units, such as "Permian".
Conveniently, the vast majority of rocks exposed on the surface of Earth are less than a few hundred million years old, which corresponds to the time when there was abundant multicellular life here.
Look closely at the Geologic Time Scale chart, and you might notice that the first three columns don't even go back 600 million years.
When you talk about the Precambrian, Paleozoic, Mesozoic, and Cenozoic on Earth, or the Noachian, Hesperian, and Amazonian for Mars, these are all relative ages.
Relative-age time periods are what make up the Geologic Time Scale.