An element is the simplest form of matter that has unique properties and includes all substances on the periodic table, while a compound contains two or more elements bonded together and can be broken down into simpler substances through chemical means. Compounds have different properties from their constituent elements, as sodium is an explosive metal, chlorine is toxic gas, but together they form the compound sodium chloride, which is table salt. Chemical changes involve the formation or breakdown of compounds through chemical reactions that conserve mass according to the law of conservation of mass.