Add a Submit Button to a Form - What is the difference between <button type="submit">submit</button> and <input type="submit">submit</input>

Tell us what’s happening:
What is the difference between using <submit> and <input> to submit data? When would one be used instead of the other? Can someone provide an example?

<button type="submit">submit</button>
<input type="submit">submit</input>

Link to the challenge:
https://learn.freecodecamp.org/responsive-web-design/basic-html-and-html5/add-a-submit-button-to-a-form

Button can have content, input can’t, it doesn’t have closing tag

<input type ="submit />
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