In general, Services are Javscript functions and are responsible to do a specific tasks. Factories implements module pattern in which we use a factory method to generate an object which is use for building models.
It's syntax is
module.factory('factoryName', function);
Someone who receives money in exchange for a promise to pay it back later is called a borrower1, and the person making the loan is the lender.
Cache events are processed only when the Postback events occur
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