Tip: More details on how Automations work

I wanted to share this great explanation from @Razi on how Automations work with different triggers. Note that this is a discussion of the automation builder accessed under the lightning bolt icon on the very left, not the automations created under the actions tab of an object's properties in the app builder.

Screenshot from 2020-07-21 15-44-28

This is an exerpt from @Razi's reply to another post: