Differences between video chatting and video conferencing

There is a misconception between many a people that video chatting and video conferencing are none but one thing but there are many a differences between them, such as the following:

1. The video chatting will always involve a chat software, handphone & a webcam but video conferencing will not require all this.
2. The video while chatting will always be displayed in a small window or will not be of high resolution while in video conferencing the video will be of high definition.
3. Webcams are used to capture videos in video chats while in video conferencing high quality sophisticated cameras are used.
4. Video chat is free with many mediums such as free messengers while video conferencing may not necessarily be free.