cybexindia15
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Both are part of google.
Google adwords :One allows businesses to signup and buy ads to be displayed by Google across the Web alongside relevant content.
Google Adsense :The other lets Web publishers partner with Google to help spread that advertising by placing it on their pages for a share of the profit.
Ad-words is a service for advertisers -- people who are selling a good or service and are want to pay money to get users to the website where they offer that good or service for purchase.
Ad Sense is a service for publishers -- people who run a website and are willing to show ads on that website so that they can get a fraction of the revenue from those ads and thereby make money from their site.