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Set Timeout: setTimeout() is to schedule execution of a one-time callback after delay milliseconds.
Set Immediate: The setImmediate function is used to execute a function right after the current event loop finishes.
Process NextTick: If process.nextTick() is called in a given phase, all the callbacks passed to process.nextTick() will be resolved before the event loop continues. This will block the event loop and create I/O Starvation if process.nextTick() is called recursively.