Answer:
1. Python Script:
Python script is a text file that contains statement comprising a Python program. Python script file is saved with an extension of '.py'. Once you created a python script, it can be used as many times as required.
2. How a Python program executes:
Python program executes in following steps:
1. At first step python program is written in text editor or IDE (integrated development environment). Then programmer saved this source code to a file with .py extension. This file is called script file.
2. After writing source code, programmer uses compiler to interpret the source code to byte code
3. Python virtual machine then translate this byte code into instructions that can interact with operating system of computer.
4. Operating system then execute these instructions.