The Premier League is the top English Football League, in which the top 20 teams in the country play against each other twice over a season. The winner is the champion of the English league.
The FA Cup comprises of every football team in England competing in a knockout competition. There are numerous qualifying rounds in which the non-league teams compete in order to enter the FA Cup proper. There are then seven more rounds before the final.The Premier League teams receive automatic byes until the Third round stage
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No. The Premier League is far more valuable, directly and indirectly. Along with prize money there are other elements to the earnings like TV rights, advertising and the potential to earn more by qualifying for the Champions League.