Example Concept: Rust's ownership model is built on 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 deallocated. Borrowing allows references to data without taking ownership, and lifetimes ensure that references do not outlive the data they point to. This model eliminates the need for a garbage collector by preventing memory leaks and ensuring safe memory access at compile time.