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It's a feeling of spiritual and emotional wellbeing that includes bliss, elation, ecstasy, exuberance, and euphoria.
It’s an internal affair that is self-existent and independent of external factors.
It's a personal, external and fleeting feeling. It depends upon external things, situations, and experiences and can be achieved through possessions and experiences.
Happiness includes feelings of gratification, excitement, merriment, playfulness, amusement, and enjoyment.
It's freedom from disturbance. A state of tranquillity and harmony that can be felt collectively or individually.
Peace and happiness can be entwined, but the circumstances from which they arise are different.