“Need to know the the big difference between, LCD AND LED display, LCD is a very old technology compared to LED? So what is the difference on the resolution and definition of the image?”
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There really is no difference. Both an LCD and an LED monitor use a liquid crystal display to show the image. But an LCD panel requires a backlight. Originally, they used a compact fluorescent bulb, but now they use a LED light, and that's where the LED term comes from.
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