2-way design vs. 3-way design means ?

Just curious as to the sound difference between two-way and three-way, obviously a missing element on the two-way of the mid range. I own a three-way Cornwall and I’m thinking of going to one of these heavier and more substantial, build, quality, thicker walled bookshelf speakers.

I guess every speaker sounds different to every different human ear that listens …and it may be difficult to explain in terms of the sound. Obviously, a two-way speaker only has two drivers and possibly different interior components?

Like… what is the difference between a Fritz and a JBL century L 100?