A period is usually of a specific duration. Other than that, the concept is the same, and use will depend on collocation in specific contexts.
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Hendy GunawanAre both sentences above acceptable?With the word 'specific', 'duration' becomes odd there. Only 'period' works. Did you not read my first post?
Hendy Gunawandifference between period and durationIt may help to think of it like this. A period (period of time) is a block of time with a beginning and an ending. Its duration is the amount of time from the beginning to the end, that is, how long the period lasts.