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It consists of three main components: sensory memory, short-term memory, and long-term memory.
Sensory Memory: This is the initial stage of memory where information from the environment is briefly registered. It has a large capacity but a very short duration (less than a second).
Short-Term Memory (STM): Also known as working memory, this is where information is temporarily held and actively processed. STM has a limited capacity (around 7 items) and a short duration (around 20-30 seconds) unless it is rehearsed or transferred to long-term memory.
Long-Term Memory (LTM): This is the stage where information is stored for a longer period of time, potentially indefinitely. LTM has a vast capacity and can store various types of information, including facts, skills, and experiences.