The debate of miter saw vs. table saw if you can only afford one comes down to which is more versatile and makes the cuts you need for the job.
A chop saw is also known as a miter saw, mitre saw, or miter box.. These saws make cuts by pulling a saw blade down onto the piece that needs to be cut in a very controlled manner. There is more control, therefore cuts are more accurate. It is possible to change the cutting angle as well.
The table saw and miter saw are two of the most common power tools that many woodworkers and DIYers will rely on both or either for most of their projects.