How is Memory managed in Python?

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Python makes use of automatic memory management through garbage collection.
The garbage collector keeps track of objects and frees memory when they are no longer in use.
Python uses reference counting to manage memory, incrementing and decrementing reference counts as needed.
A cyclic garbage collector handles objects with circular references.
Python also provides tools like context managers and the “with” statement to release resources automatically.
Python’s memory management simplifies coding by handling memory allocation and deallocation automatically.

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