Is lossy or lossless compression better?

Related questions

1. What's the difference between lossy and lossless compression?
2. What compression algorithm does zip use?
3. What is the distance between compression and rarefaction?
4. What is bzip2 compression?
5. What is compression and rarefaction?
6. How does lossless compression reduce file size?
7. How does parquet compression work?
8. What is block compression?
9. What type of files would be compressed using lossless compression?
10. Why do people use lossless compression?

Tags

1. #original
2. #compression
3. #worse
4. #compressed
5. #permanently
6. #remains
7. #lossless
8. #picture
9. #decompressed
10. #removes
11. #lossy
12. #quality
13. #means