A solution is a type of the homogeneous mixture which is composed of two or more substances. The specie which is dissolved into the another substance is known as solute and in which it is dissolved is known as a solvent.
A compound is the substance which is formed when two or more elements are bonded together chemically. Thus, Water is a compound.
Soda, salt water, orange juice and coffee are homogeneous mixtures. Soda consists of gas which is dissolved in it. Orange juice is also a solution as it contain pulp or other biomolecules dissolved in it. Coffee is made up of milk which have solutes dissolved in it. Salt water is also a solution.
