These two terms may appear to be very comparative, yet they are two different things. You can use them to improve user experience and give your customers more than just an online shop overloaded and scattered with products.
Contingent upon your business and niche, your products may be physical items, digital products, or services. When you add a product to your Shopify store, you enter its details, SKU, benefits, and so forth as well as related images. You would then keep updating or adding your product or variants from your Shopify Products Admin Section.
You then allocate a Product Type. Each determines the group it belongs to, for example, apparel, footwear, accessories, and so forth. A product can be only one type and yet be part of different collections.