Difference between managed attribute and identity entitlement

Hi Team!!!
can you suggest me what is the difference between managed attribute and identity entitlement.

Thanks
Mohan_Pacharla

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An IdentityEntitlement is an object that represents an entitlement that is associated to an identity. It means the identity actually holds the access/permission on the target application. These objects are created by running account aggregation and identity refresh tasks.

A ManagedAttribute is an object that represents an entitlement that lives in the Entitlement Catalog and can be requested by users. These objects are created by running account or group aggregation and identity refresh tasks with the “Promote additional entitlements” option.

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Thank You @paulo_urcid