Difference Between Schema / Database in MySQL

Refering to MySql documentation,

CREATE DATABASE creates a database with the given name. To use this statement, you need the CREATE privilege for the database. CREATE SCHEMA is a synonym for CREATE DATABASE as of MySQL 5.0.2.

Depends on the database server. MySQL doesn't care, its basically the same thing.

Oracle, DB2, and other enterprise level database solutions make a distinction. Usually a schema is a collection of tables and a Database is a collection of schemas.

As defined in the MySQL Glossary:

In MySQL, physically, a schema is synonymous with a database. You can substitute the keyword SCHEMA instead of DATABASE in MySQL SQL syntax, for example using CREATE SCHEMA instead of CREATE DATABASE.

Some other database products draw a distinction. For example, in the Oracle Database product, a schema represents only a part of a database: the tables and other objects owned by a single user.