Understanding Component Event vs Application Event in Salesforce LWC | Interview Preparation Guide

The video explains the difference between component events and application events in LWC. Component events are limited to the component hierarchy, allowing communication between parent and child components or between siblings. On the other hand, application events have a wider scope and can be used by any component in the entire application. Component events are dispatched within a single hierarchy using custom events, while application events can be consumed by any component regardless of hierarchy. This distinction is based on scope and the mechanism used for dispatching events.
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