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The main difference between myth and folktale is that the myth is a traditional or legendary story usually explaining some historical phenomenon or religious concept while the folktale is a fictional story passed down through generations. ... However, both myths and folktales are genres of fictions in any culture

Answer: A myth is a story based on tradition or legend, which has a deep symbolic meaning. A folktale is a popular story that was passed on in spoken form, from one generation to the next.

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