lacing vs shoe lace

lacing and shoe lace both are nouns.

Word	Noun	Adjective	Verb	Adverb
lacing	Yes	No	No	No
shoe lace	Yes	No	No	No

As nouns, shoe lace is a hyponym of lacing; that is, shoe lace is a word with a more specific, narrower meaning than lacing:

lacing: a cord that is drawn through eyelets or around hooks in order to draw together two edges (as of a shoe or garment)
shoe lace: a lace used for fastening shoes

Other hyponyms of lacing include bootlace, shoe string, shoelace, shoestring.

lacing (noun)	shoe lace (noun)
the act of inflicting corporal punishment with repeated blows	a lace used for fastening shoes
a cord that is drawn through eyelets or around hooks in order to draw together two edges (as of a shoe or garment)
a small amount of liquor added to a food or beverage