Example Concept: Rust's ownership model assigns each piece of memory a single owner, and when the owner goes out of scope, the memory is automatically deallocated. Borrowing allows references to data without transferring ownership, and lifetimes ensure that these references are valid. The Rust compiler checks these rules at compile time, preventing common memory errors such as use-after-free, double-free, and data races, thus ensuring memory safety without the need for a garbage collector.