Answer Posted / menalish fenando

Shared and Private Assembly: A private assembly is a assembly that is available to particular applications where they are kept. And cannot be references outside the scope of the folder where they are kept.
In contrast, Shared Assemblies are the assemblies that are accessible globally/shared across the machine to all the applications. For using the shared assemblies you need to register the assembly with a strong name in the global assembly cache(GAC) using gacutil.exe. GAC can be found on all the computers with .Net framework installed.

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