In GitHub, what is the conceptual difference between a project (that can be created inside a repository) and a repository?
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GitHub Repositories are used to store all the files, folders and other resources which you care about.
Git Project : It is also one of the Resource in Git Repository and main use of it is to manage the projects with a visual board. If you create a project in Git Repository it create a visual board like a Kanban board to manage the project.
In this way, you can have multiple projects in a repository.