What is the difference between Software and Hardware?

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Software: Software is the collection of a programs that when executed gives a proper output.

  OR

   Software is a set of logically related programs which is used to carry out a task.

Example:- MS-Paint, Notepad, MS-Word. 

Hardware: Hardware are electrical, Mechanical and Magnetical parts of computer which we can see or touch. 

Example:- Monitor, keyboard, Mouse.