In general, the difference between a product structure and a coproduct (i.e. sum) structure is the direction it relates to its components.
When you have a product structure, you have 'projections'

and

, as well as the fact that any pair of maps

and

can be lifted to a map

in exactly one way.
When you have a sum structure, you have 'inclusions'

and

, as well as the fact that any pair of maps

and

can be pushed to a map

is exactly one way.
The thing that makes linear algebra really cool is that

for vector spaces and other similar structures, as adriank said. (Though this doesn't remain true when you compare an infinite product of structures to an infinite sum of structures)