What are the key differences between Laplace and Fourier transforms and how do they each contribute to signal processing and analysis?

Laplace transforms are used for analyzing continuous-time signals and systems, while Fourier transforms are used for analyzing frequency content of signals. Laplace transforms are more general and can handle a wider range of functions, while Fourier transforms are specifically for periodic signals. Both transforms are essential in signal processing for understanding and manipulating signals in different domains.