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The difference between master data and transactional data

The difference between master data and transactional data

Understanding the difference between SAP master data and SAP transactional data.
Master Data:

Master data is data that remains unchanged over a period of time. It contains information that is always needed...

in the same way. For example, all personal attributes can be stored in various SAP standard infotypes as records with specific validity which are called master data.

Transaction data:

Data relating to the day-to-day transactions.

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What's the difference between master data, transaction data and configuration data in SAP MM?
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Hi, the subject matter of this post is HCM. However, I would 'assume' the concept applies across modules. I do not however, know the specifics of MM transactional and master data.
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