Simulator or Emulator? What is the difference?

Question

While I understand what simulation and emulation mean in general, I almost always get confused about them. Assume that I create a piece of software that mimics existing hard

Answer 1

Simple Explanation.

If you want to convert your PC (running Windows) into Mac, you can do either of these:

(1) You can simply install a Mac theme on your Windows. So, your PC feels more like Mac, but you can't actually run any Mac programs. (SIMULATION)

(or)

(2) You can program your PC to run like Mac (I'm not sure if this is possible :P ). Now you can even run Mac programs successfully and expect the same output as on Mac. (EMULATION)

In the first case, you can experience Mac, but you can't expect the same output as on Mac.
In the second case, you can expect the same output as on Mac, but still the fact remains that it is only a PC.