What is the difference between JPG and HEIC?

Related questions

1. What is HEIC JPG?
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3. Which is better mp4 or MPG?
4. What is a MPEG file format?
5. Which is larger AVI or mp4?
6. Which format is better Avchd or mp4?
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Tags

1. #stands
2. #compatible
3. #taken
4. #smaller
5. #images
6. #while
7. #format
8. #storage
9. #space
10. #better
11. #saved
12. #efficiency