Whats the difference between static and shared libraries.

I'm compiling gtk+-1.0.4 on a LCIII and the last time I did it took up 
too much space, because of some of the libs

When configuring gtk you can disable the build of the static or shared 
libs and I would like to know which one I should disable.


Since this thing takes 5 to 6 hours to compile on my lciii i might 
make a pkg of it.


Thanks
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