Please discuss the difference as well as pros and cons of compiled vs. interpreted languages.

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"The key difference is between a compiled and interpretive language is the speed of execution. A compiled language needs to be converted into machine code so a computer processor can execute the commands. This is done in advance and results in the program being executed directly by the CPU immediately. On the other hand, an interpreted language executes commands directly without having to compile the program into machine language. While this process is more direct, it doesn't take advantage of the speed of execution offered by machine language. Therefore, compiled programs run faster than interpreted programs."