Description: Managed Policies in AWS are predefined policies provided by Amazon Web Services that allow for efficient management of access permissions to cloud resources. These policies are a set of rules that define what actions users or groups can perform on various resources, such as objects and buckets in storage services. Unlike inline policies, which are directly associated with a specific user or group, managed policies can be applied to multiple entities, making their management and maintenance easier. Managed policies are highly scalable and allow organizations to establish consistent and secure access controls in their environments. Additionally, AWS provides a variety of predefined policies that cover common use cases, saving time and effort for administrators when configuring permissions. These policies are updated and maintained by AWS, ensuring they align with security best practices and compliance. In summary, Managed Policies are a key tool for permission management in AWS, enabling organizations to effectively and securely control access to their data.