What are the differences between Covariance-based SEM (CB-SEM) vs Partial Least Square SEM (PLS-SEM)?

You can also refer to the following RG links:

https://www.researchgate.net/post/What_is_Structural_Equation_Modeling2

https://www.researchgate.net/post/How_to_chose_SEM-AMOS_or_SEM-SmartPLS_for_data_analysis

https://www.researchgate.net/post/What_is_the_Rule_of_Thumbs_for_SEM_analysis_to_be_more_reliable

https://www.researchgate.net/post/what_is_the_advantage_and_disadvantage_for_using_AMOS_and_PLS_and_which_one_is_prefer_to_researcher

Zarema Akhmadiyeva thank you for providing a precise but comprehensive explanation along with important references on the justifications in using either PLS-SEM or CB-SEM. I would just add a book reference of Prof. T. Ramayah et al. (2018) as a practical guide on the usage of SmartPLS. Regards.

Ramayah, T., Cheah, J., Chuah, F., Ting, H., & Memon, M. A. (2018). Partial Least Squares Structural Equation Modeling (PLS-SEM) using SmartPLS 3.0: An Updated and Practical Guide to Statistical Analysis (2nd ed.). Malaysia: Pearson.