Example Concept: Rust uses a concept called "ownership" combined with "borrowing" and "lifetimes" to manage memory. Each value in Rust has a single owner, and when the owner goes out of scope, the value is automatically deallocated. Borrowing allows references to data without taking ownership, and lifetimes ensure that references are valid as long as they are used. This compile-time checking prevents common memory errors without the overhead of a garbage collector.