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I have gone through lots of articles on internet and finally decided to ask a question here to all experts.

-- Edits -- I noticed,

  • I can manage event receivers in both almost same way
  • I can create folders in both
  • I can add custom fields, site columns to both in same way
  • I can save it as list template and move it to some other site collection with data!

So, I want to ask what are what are differences when you think as an architech, developer, analyst or end user?

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First please search properly and post the question here.... I got the link in 20secs of my initial search.. – Mihir Oct 30 '12 at 5:04
@Mihir, It seems you are a sharepoint expert, let me edit my question – Prashant Lakhlani Oct 30 '12 at 6:04
Now question makes sense.... :) – Mihir Oct 30 '12 at 12:31
up vote 1 down vote accepted

A SharePoint Library is a List which has been enhanced with a lot of features (like templates) target at storing documents/files as the main item.

You should use a library when what you want to store is documents/files to which you may have related information, workflows, ...

You should use a list when your main focus isn't a document/file, but something other to which you may relate workflows, attachments, ...

You can do (almost) anything you can do with a list to a document library

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Excellent, that's what I was looking for. – Prashant Lakhlani Oct 30 '12 at 8:16

A list contains some fields and data associated with those fields. Library is nothing but a list, but it contains some attachments. Those attachments are may be word documents, excel sheets pdfs etc..

Find this link

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A Library doesn't have attachments. A list may have it. – Per Jakobsen Oct 30 '12 at 7:32

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