What is the difference between paravirtualization and application virtualization?

Paravirtualization creats a software interface between a Virtual Machine and the Host (Hypervisor). It is used to enhance VM performance and access. Application Virtualization virtualizes what an application needs to run. The application is seperated from the local OS but is actually runs on the local PC or VM.

App Virt is at the OS level Paravirt is at the VM level