The most fundamental difference, I would say, is that Amplitude Modulation (AM) is a kind of Analog Modulation Technique (the modulation is applied continuously in response to the analog information signal) where Amplitude Shift Keying is a type of Digital Modulation Technique ( an analog carrier signal is modulated by a discrete signal, digital modulation methods can be considered as digital-to-analog conversion, and the corresponding demodulation or detection as analog-to-digital conversion. The changes in the carrier signal are chosen from a finite number of M alternative symbols).
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