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In this tutorial, the speaker explains the distinction between retention labels, retention policies, and retention label policies in Microsoft 365's information governance. They clarify that while retention labels and retention policies are related, they serve different purposes. A retention label policy is designed to apply retention labels to specific locations, whereas a retention policy offers retention features but does not allow record managers to conduct a disposition review. The most significant difference is that retention labels empower record managers and administrators to engage in this review process, unlike retention policies.
