In simplistic terms, if a business goes into liquidation it means: The business stops trading with immediate effect. The employees are all made redundant. The assets of the business are sold to pay creditors.
What Is a Path? A file system stores and organizes files on some form of media, generally one or more hard drives, in such a way that they can be easily retrieved. Most file systems in use today store the files in a tree (or hierarchical) structure. At the top of the tree is one (or more) root nodes.
An absolute or full path points to the same location in a file system regardless of the current working directory. To do that, it must contain the root directory. By contrast, a relative path starts from some given working directory, avoiding the need to provide the full absolute path.