What is the difference between phrases and compound words? To me they are both the same!
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Here are some phrases: under the table; the large man sitting over there; have been eating. None of them are compound words.

Here are some compound words: fireplace; wastebasket; forget-me-not. None of them are phrases.
Your example 'the large man sitting over there' is a clause and not a phrase because while a clause contains verbs phrases do not. Correct me if I'm wrong.
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It is a noun phrase containing a post-modifying nonfinite clause. If you cannot tell a phrase from a compound noun, then please don't attempt to correct my language.
One example would be

blackbird ( a type of bird)

black bird (a bird that is black)

The first is a compound word, the second is a phrase.
what about open compound word, e.g. real estate, full moon, post office.
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what about open compound word, e.g. real estate, full moon, post office. -- What about it? What is your question?
"... What about it? What is your question? ..."

Maybe they are querying a previous post regarding the statement that "black bird" is a phrase, not a compound, where as "blackbird" is a compound ... and completely ommiting the concept/existince of Open/Separated Compounds.

Does that Answer Your Question?

<end trolling with flamthrower>


Now - I'm not 100% sure on this, but ... the difference as I see it is;

- A compound (open, closed or hyphenated) conjoins 2+ words together to generate a different meaning, and usually points to an object, place, position etc.

- A phrase may mix several words in sequence to generate a different context, and usually acts as a description.

Of course - I may be wrong.

If lucky - someone more knowledgable (and less offensive than the prior poster) will contribute.
So "black bird" is an "open compound", a "phrase", or both?!!!
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