Difference between Private Assembly and Shared Assembly?

Question: Difference between Private Assembly and Shared Assembly?

Answer:

Private Assembly	Shared or Public Assembly
It is used by a single application	It is used by  multiple application
Private assembly can be stored in the specific application's directory or sub-directory.	Shared assembly can be stored in the GAC (Global Assembly Cache).
Strong name is not required in private assembly	Strong name is  required in Shared assembly
Private assembly does not have version constraint	Shared  Assembly have version constraint