What are the relative strengths and weaknesses of compiled and interpreted languages?
Neither approach has a clear advantage over the other - if one approach was always better, chances are that we'd start using it everywhere!
Generally speaking, compilers offer the following advantages:
Because they can see all the code up-front, they can perform a number of analyses and optimizations when generating code that makes the final version of the code executed faster than just interpreting each line individually.
Compilers can often generate low-level code that performs the equivalent of a high-level ideas like "dynamic dispatch" or "inheritance" in terms of memory lookups inside of tables. This means that the resulting programs need to remember less information about the original code, lowering the memory usage of the generated program.
Generally speaking, compilers have the following drawbacks:
Generally speaking, interpreters have the following advantages:
Because they can read the code as written and don't have to do expensive operations to generate or optimize code, they tend to start up faster than compilers.
Because interpreters can see what the program does as its running, interpreters can use a number of dynamic optimizations that compilers might not be able to see.
Generally speaking, interpreters have the following disadvantages:
Interpreters typically have higher memory usage than compilers because the interpreter needs to keep more information about the program available at runtime.
Interpreters typically spend some CPU time inside of the code for the interpreter, which can slow down the program being run.
Because interpreters and compilers have complementary strengths and weaknesses, it's becoming increasingly common for language runtimes to combine elements of both. Java's JVM is a good example of this - the Java code itself is compiled, and initially it's interpreted. The JVM can then find code that's run many, many times and compile it directly to machine code, meaning that "hot" code gets the benefits of compilation while "cold" code does not. The JVM can also perform a number of dynamic optimizations like inline caching to speed up performance in ways that compilers typically don't.
Many modern JavaScript implementations use similar tricks. Most JavaScript code is short and doesn't do all that much, so they typically start off using an interpreter. However, if it becomes clear that the code is being run repeatedly, many JS engines will compile the code - or at least, compile bits and pieces of it - and optimize it using standard techniques. The net result is that the code is fast at startup (useful for loading web pages quickly) but gets faster the more that it runs.
One last detail is that languages are not compiled or interpreted. Usually, C code is compiled, but there are C interpreters available that make it easier to debug or visualize the code that's being run (they're often used in introductory programming classes - or at least, they used to be.) JavaScript used to be thought of as an interpreted language until some JS engines started compiling it. Some Python implementations are purely interpreters, but you can get Python compilers that generate native code. Now, some languages are easier to compile or interpret than others, but there's nothing stopping you from making a compiler or interpreter for any particular programming language. There's a theoretical result called the Futamura projections that shows that anything that can be interpreted can be compiled, for example.