Why both IP & Port address is used for Connection | What is Socket Address with real life example

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In this video explanation of Why both IP & Port address is used for Connection.
The IP address is a numerical label assigned to each device connected to a computer network that uses the Internet Protocol for communication. The port number is used so the data is directed to the correct location within this device. The IP and the port number form the structure IP: Port number, 192.168.1.1:8080
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Видео Why both IP & Port address is used for Connection | What is Socket Address with real life example канала Gate Smashers