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How does Python handle memory for objects?

Entry Python
Quick Answer Python objects live on the heap. Each object has a reference count tracked by CPython. When you assign a = [1,2,3], the list object is created on the heap and "a" is a name binding to it. Multiple names can reference the same object (a = b = [] means a and b point to the same list). Objects are garbage collected when no references remain. Large objects may need explicit gc.collect().

Answer

Uses reference counting.
Circular refs handled by GC.
Immutable objects are interned for performance.
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