Element is a pure substance which is composed of atoms of similar elements. Example: sodium , Neon
Molecule of an element is the smallest unit of any matter which always have independent existence and is made up of similar elements. Example: Chlorine
Compound is a pure substance which is made from atoms of different elements combined together in a fixed ratio by mass.It can be decomposed into simpler constituents using chemical reactions.
Molecule of a Compound is a pure substance which is made from atoms of different elements combined together in a fixed ratio by mass. Example: carbon dioxide