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B RamachandruduB Ramachandrudu 

lightning component events and application events difference

Hi guys difference between component events and application events
Akhilesh Reddy BaddigamAkhilesh Reddy Baddigam
Hi Ramachandrudu, this blog (https://developer.salesforce.com/blogs/developer-relations/2017/04/lightning-inter-component-communication-patterns.html)explains in an easy manner about differen componets and which one to choose over the other!

Hope this give you clear understanding, please choose this as best answer if it helps you.

Thank you!
B RamachandruduB Ramachandrudu
Thank you Akhilesh