We discuss the global physical properties of stellar clusters in M33 and co
mpare them with LMC cluster properties. In a companion paper (Paper I) we h
ave compiled the first unbiased, representative sample of star clusters for
this galaxy from Hubble Space Telescope WFPC2 multiband images of 20 field
s in M33, sampling a variety of environments from outer regions to spiral a
rms and central regions, as well as a range of Galactocentric distances. In
this paper we fit single-mass King models to cluster surface brightness pr
ofiles and iind that clusters at all ages have well-relaxed density profile
s. Core radii are found to be smaller on average than those of Galactic glo
bular clusters and LMC populous clusters at similar magnitudes; Measurement
s of integrated photometric properties for 60 clusters are also found in Pa
per I. By comparing the integrated photometric measurements with evolutiona
ry models and theoretical M/L-V ratios, we find that clusters formed contin
uously in M33 from similar to 4 X 10(6)-10(10) yr and have masses between s
imilar to 4 x 10(2) and 3 x 10(5) M.. There is a correlation between the ag
es and masses of our clusters, the oldest objects being the most massive. T
he global properties of the M33 clusters are compared with cluster systems
of other Local Group galaxies;By studying the photometric properties (magni
tudes and colors) of M33 clusters and comparing them with those of LMC clus
ters, a global picture of the star formation history in these two galaxies
emerges.