Formatting strings in Python involves embedding variables or expressions within a string by using format specifiers. It allows dynamic generation of strings based on variable values.
% Operator: A method of formatting strings using format specifiers like %s and %d.
str.format(): A method that replaces placeholders marked by curly braces {} with corresponding values.
f-strings: A modern way to format strings in Python by prefixing a string with 'f' and embedding expressions within curly braces.