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Explain the difference between mage::getmodel() and mage::getsingletone() in magento.
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Answer / Poornima Yadav
Both methods are used to instantiate a Magento model, but they differ in how they handle object lifetime. `Mage::getModel()` creates a new instance of the specified model every time it's called, while `Mage::getSingleton()` retrieves an existing singleton instance if one exists; otherwise, it creates and caches the instance for future use.
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