A static variable or method can be accessed directly in the program without using an instance of that class. A final variable in Java can only be initialised once, and its value remains the same throughout the program, whereas a static variable can be initialised again. A final variable cannot be inherited by a variable or a subclass method. Also, classes cannot override final variables. On the other hand, static methods can call other static methods but can only access the static members of the class. A static class cannot have any objects; it will only consist of static variables and methods.