1) Each website has its unique customer and order base, base currency and prices.
2) Stores can be used to define for example different (looking) stores with the same information.
3) Store Views are mostly used to handle different languages on your website. You will typically have one Store View per language.
reference: http://jaseir.com/magento/difference-a-website-a-store-and-a-store-view/
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