adwords = you pay to get your site advertised adsense = you earn money from advertising other people's websites
adwords are your ads that appear on adsense pages I once saw my own ad on my own adsense page. I wonder whether I would make or lose money if clicked ? I'd be paying for receiving the click, but getting paid (less) via adsense for the clickthrough
"I wonder whether I would make or lose money if clicked ?" You would probably lose money, because Adwords clicks are more expensive, then the payout that Adsense gives for a single click.