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Workbench is where you create abap object such as reports, function modules, dictionary objects(tables, domains,de), etc.
Runtime is nothing but when you execute your program or transaction all the code, definitions, etc. related to that program will be loaded into the memory - and will be there till the end of the program. this time is called as Run time.
There is no specific explaination for Runtime. During runtime the system takes the definitions from workbench - dictionary, code from either program or FM or any other type of program they remain till the end of the execution. But when you think about sharing memory between internal session and external sessions the shared memory will be available till end of the session and end of the login respectively.
In simple words you can say... ABAP Runtime uses Workbench tools to run .
Bluesky
