Quick differences between: Appsettings and preferences etc

I’m pretty much hacking, so this may be a dumb question.

I can gather what Appsettings are supposed to be for…but how are they different from preferences?

Perhaps this will help. The short answer is that preferences are the user-editable options; “settings” is where they are stored and accessed later.

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Ok, read that already, I should try to be clearer: I believe I understand preferences. Preferences are stored and can be accessed later too, so why does “Appsettings” exist?