Example Concept: Rust's ownership system revolves around three main 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 deallocated. Borrowing allows references to data without taking ownership, but with strict rules to prevent data races. Lifetimes are used to track how long references are valid, ensuring that references do not outlive the data they point to. This system eliminates the need for a garbage collector by providing deterministic memory management at compile time.