set up vs carry out

set up and carry out both are verbs.

Word	Noun	Adjective	Verb	Adverb
set up	No	No	Yes	No
carry out	No	No	Yes	No

As verbs, carry out is a hyponym of set up; that is, carry out is a word with a more specific, narrower meaning than set up:

set up (verb)	carry out (verb)
get ready for a particular purpose or event	pursue to a conclusion or bring to a successful issue
make ready or suitable or equip in advance for a particular purpose or for some use, event, etc	put in effect
equip with sails or masts
arrange thoughts, ideas, temporal events
put into a proper or systematic order
erect and fasten
set up for use
place
create by putting components or members together
construct, build, or erect
begin, or enable someone else to begin, a venture by providing the means, logistics, etc.
produce
take or catch as if in a snare or trap
arrange the outcome of by means of deceit
set up or found