Write the differences between volatile memory and non-volatile memory. [Answer Limit: 50 words] [UKPSC 2023]
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When power is applied, data is stored in RAM and accessed quickly, but is lost when power is removed, in which case volatile memory is used. Volatile memory (e.g., RAM) only temporarily stores data while powered on, while non-volatile memory (e.g. SSDs or HDDs) retains data even without power, albeit at slower access speeds.