Explain the differences between fine art prints and reproductions. What are the benefits of each?

Fine art prints, or simply prints for short, are graphical duplicates of an unique work of art that are created under the supervision of the original artist. Prints are primarily commercial in nature. Often prints are framed and used as decoration, such as in a hotel lobby, office building, or within a person's home.
Prints are based off of unique works of art created by an artist. Once the artist has completed a work and has decided that prints will be produced from it, a technique for creating the prints must be selected depending on various factors surrounding the original and intended purpose of the print. Some of these factors include:
Medium of the unique artwork
Desired size(s) of the prints
Durability / longevity of the print
There are multiple techniques to creating prints that all have different benefits. Techniques include:
Silk screen
Etching
Lithography
Prints can be replicated multiple times depending on the technique used, which decreases the cost of collecting them. This is not to say that prints are not collectable- it is not uncommon that printmakers release a limited number of prints to keep the supply low, thus increasing value and collectability.

Reproductions are essentially copies of the unique work of artwork. The most well-known form of reproductions are art posters, or posters created from an image of an unique work of art. While prints can be considered originals, reproductions are never considered original due to the nature of their creation.
One of the most common techniques to create reproductions involves photographing the unique work of art with a high-resolution digital camera, uploading the image to a computer, using software to color-correct the image to match the source and then printing them from a large format inkjet printer. This technique is referred to as Gicleé.
The benefit of reproductions is that they can be produced on a nearly unlimited scale at a very low cost. People collect reproductions most often because they enjoy the work of art from which they are created, not due to collectibility or inherent value.

Fine art prints are primarily produced for commercial purposes. They are made by applying ink on engraved surfaces or using templates that have an artist’s original design. Fine art prints do not have "originals"; however, most people consider the templates used as "originals."
One of the main benefits of fine art prints is that they can be cheaper, compared to reproductions. Considering that less work is involved in creating subsequent copies after making a template, they can be produced in large numbers at a low cost. Furthermore, the production of fine art prints can be limited, which makes them valuable.
Conversely, fine art reproductions are replicas of original artworks. Reproductions are made through the creation of digital representations of specific works of art, which are then used to make copies of various sizes. The prices of reproductions range depending on the accuracy of the copy when it comes to texture and aesthetics.
A significant benefit of reproductions is that they can be unique and the same as the original artworks. Moreover, original work can be replicated on different types of surfaces.

A fine art print refers to the work produced when an artist uses ink and plates to make an impression on a surface. No matter how many images they create from the plate, each piece is considered an original print. They may look the same at first glance, but each one is a little bit different, because they were produced individually, by hand.
Often, the artist will destroy the plate after a certain number of images are finished (the “edition”), limiting their availability and increasing their value. When the artist signs a print, they usually include the number of that specific print and the total number of prints in the edition, e.g., “5/100”.
A reproduction (or giclée) is a printed photograph of an original piece. Each one will be exactly the same, since they’re all just mechanically-produced copies of the same image. In most cases, reproductions are not considered to be limited editions (the negatives or source files are not destroyed), and they tend to be less expensive than original prints. 
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