What is difference between lossy and lossless compression?

Related questions

1. Why do people use lossless compression?
2. What is lossless image compression?
3. What's the difference between lossy and lossless compression?
4. What causes compression and rarefaction?
5. How does parquet compression work?
6. Is lossy or lossless compression better?
7. What type of files would be compressed using lossless compression?
8. What compression algorithm does zip use?
9. What is data compression techniques?
10. What is the disadvantage of lossless compression?

Tags

1. #without
2. #compressed
3. #audio
4. #format
5. #larger
6. #lossless
7. #reducing
8. #quality
9. #original
10. #compression
11. #lossy
12. #using
13. #unlike
14. #image
15. #however
16. #files