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You can format all your text manually if you like but it's much more efficient to use styles. Styles are formatting definitions that you can apply to text and paragraphs with a single click. The style definition is then linked to the formatted text and if you change the definition everything formatted with the style is updated immediately. This works in the same way as styles in a word processor like MS Word.

See also:

Text Formatting and Styles

Dynamic Styles (Reference)