1) Alloy is a mixture of two or more metals while amalgam is an alloy that contains mercury as one of its components.
2) Amalgam has advantages such as being inexpensive, durable, and resistant to wear but has disadvantages like its metallic color and potential toxicity from mercury.
3) The basic components of dental amalgam include silver, tin, copper, and mercury while other components like zinc and indium can be added to improve properties.