What are Color Profiles and Color Modes in Photoshop?

I want to clear up the usual common misconceptions about Color Modes, Color Models, Color Profiles, and Color Spaces. Give me a few minutes of your time, and you will no longer be confused by it. The base cause of this confusion stems from my research in this topic. Half the websites say one thing, and the other half say something else. Rest assured that I am a qualified professional. I’ve done my research, and this is the correct information.

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