Example Concept: Rust's ownership model is built around three core principles: ownership, borrowing, and lifetimes. Ownership ensures that each value in Rust has a single owner, and when the owner goes out of scope, the value is automatically dropped. Borrowing allows references to data without transferring ownership, and lifetimes ensure that references are valid as long as they are used. This model eliminates the need for a garbage collector and prevents runtime memory errors by enforcing these rules at compile time.