Picklist
A Picklist is defined as a widget that shows a list of selectable options. When an option is selected, it is displayed as selected and the value of the read-only input is updated to match it.
Multiselect-Picklist
Multi-Picklist fields allow you to select multiple values on your records for various use cases. You have the ability to define values on the creation of the field and after creation, you can continue to add and remove other values.