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The video tutorial discusses the basics of the approval action in the Approval Cookbook series. It explores different types of approvals, capturing outcomes, and performing approvals through various channels such as flow action center, emails, actionable messages, mobile app, and Microsoft Teams. The approval action in flow is customizable to fit business needs, with options for sequential approvals, parallel approvals, state machine approvals, and more. Multiple approval types are provided as part of this built-in action for approval scenarios.