What is difference between terms classic and old? As we often use terms like for example classic physics, classic music, etc..
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"Classic" generally means "Of the highest class", i.e. something very good and worth noting and preserving.
Many old things are classics, and many classics are old. However this is not because the meanings are related, but due to a cause-and-effect relationship between the two properties.
Many of the very old things we have are classics: This is because things of the highest class are things worth preserving, and have often been preserved, sometimes for thousands of years. Whereas old things which are not of the highest class are not preserved, because they are not worth preserving.