What is considered as more significant, creating content or building backlinks?

Hi Friends,
Both of them will equal significant!!!

• Google gives high preference for content but if you want more reach for your webpages then getting backlinks from most visited sites will be very helpful.
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  Keep on adding content to the website, we can't generate traffic automatically. So working on both On-page and Off-page optimization is very important.
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  Getting backlinks from websites with high PR and DR will be very helpful in ranking on Google.
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  Maintaining quality content on the website is also very important.
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  Need to remove dummy and copied content on the website to see more reach.
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  Keep on tracking links and content on the website.
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  Check regularly getting any spam backlinks to our website.

Both are necessary for creating quality content is equally important to building backlinks. Although link building is useful in building authority to a site and for ranking as well, quality content is the first element that is considered to be more responsible for ranking.