The document discusses the differences between subclasses and subtypes. It states that a subclass is simply a class created using inheritance, while a subtype both inherits from a parent class and preserves the purpose or behavior of that parent class. However, subclasses do not always behave the same as their parent classes, so not all subclasses are subtypes. The relationship between subclasses and subtypes is important for concepts like substitution in object-oriented programming.