The climax and the falling action are two distinct parts of a story's structure. While the climax is the pivotal moment of tension, decision-making, and action, falling action follows the climax and sees the story heading towards its resolution. In the falling action, loose ends are tied up, and any remaining conflicts or character arcs are resolved. The pace of the story often slows down in this phase, as it transitions to the final resolution or dénouement.