An IAM policy is a document with a set of rules. Each IAM policy grants a specific set of permissions.
Policies are attached to IAM identities like Users, Groups, and Roles. Each IAM policy has a unique name.
There are two types of policies in your AWS account:
Managed policies: These policies can be reused and attached to multiple entities. AWS provides a lot of managed policies by default. Customers can also create their own managed policies.
Inline policies: These policies are applied directly to IAM entities. However, these policies are not reusable and cannot be attached to multiple entities.
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