- Permutation refers to arrangements that consider order, while combination refers to selections where order does not matter.
- The number of permutations of n distinct objects taken r at a time is nPr = n!/(n-r)!, while the number of combinations is nCr = n!/r!(n-r)!.
- Examples are given to illustrate permutations involving restricted arrangements and circular permutations. Restricted permutations consider cases where certain objects are always or never included.