Limit and colimit are fundamental concepts in category theory that generalize notions of limits and colimits from set theory, capturing the essence of how objects relate to each other through morphisms. A limit can be thought of as a way to 'pull together' objects via a cone structure, while a colimit serves to 'push out' objects using a cocone structure. They serve as a bridge between different categories, showcasing how universal properties can describe the interaction between these structures.
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