Example Concept: In Rust, each value has a single owner, and when the owner goes out of scope, the value is automatically deallocated. Borrowing allows references to data without transferring ownership, but it enforces rules to prevent data races and ensure safe memory access. Lifetimes are used to track how long references are valid, ensuring they do not outlive the data they point to. These compile-time checks prevent common memory errors such as use-after-free, double-free, and data races.