1. Satire vs. Parody
Or, the same in the other.

2. Satire again… Satire is a literary style. It is persuasive by nature.
It mocks individuals, institutions, societies, and events.
It is meant to influence how a person thinks, feels, and acts.
The tone of satire can vary greatly.

3. Parody defined
From my beloved OED Dictionary of Literary Terms… “A mocking imitation of the style of a literary work or works, ridiculing the stylistic habits of an author or school by exaggerated mimicry.”

4. An imitation mocking a person or style to criticize them.
Parody defined…
In student friendly terms,
An imitation mocking a person or style to criticize them.
We know that parody extends beyond literature, yes? Watch this video.

5. Parody vs. Satire
Parody is related to satire due to its “punishment of eccentricities” and “criticism in its analysis of style.”
So, parody is satirical by nature.