State management in your React applications

useState allows you to add state to a functional component, while useContext allows you to share state between components without having to pass props down through every level of the component tree.

1. useState:useState allows you to manage state in functional component, useState function to update the state value.
2. useContext: allows you to share state between components without having to pass props down through every level of the component tree.
3. Third-party state management libraries:
4. Several third-party libraries can be used for state management in React, including:
   • Redux: Redux is a popular library for managing application state. It uses a centralized store to manage state and allows components to subscribe to the store and receive updates as the state changes.
   • MobX: MobX is a lightweight library for state management that uses observable data structures to track changes to state and automatically update components when the state changes.
   • X-state

The choice of state management library depends on the specific needs of the application. For example, if the application has a large and complex state, Redux might be a good choice. On the other hand, if the state is relatively simple, the useState, useContext might be sufficient.