What is the difference between WMA and mp3 files?

Related questions

1. Is WMA still used?
2. What are the advantages of using mp3 files?
3. Can iTunes convert WMA to mp3?
4. How do I convert WMA to mp3 on my iPhone?
5. How do I get WMA files into iTunes?
6. Can phones play WMA files?
7. What are the advantages of WMA?
8. What's the difference between WMA and mp3?
9. What is a WMA file?
10. Is WMA or WAV better?

Tags

1. #media
2. #format
3. #compression
4. #audio
5. #principle
6. #developed
7. #deems
8. #where
9. #mechanism
10. #sound
11. #lossy
12. #discarded
13. #software
14. #files
15. #little
16. #reduce
17. #microsoft
18. #windows