Dictionary Vs Lists
Values in lists are accessed by means of integers called indices, which indicate where in the list a given value is found.
Dictionaries access values by means of integers, strings, or other Python objects called keys, which indicate where in the dictionary a given value is found.
Also, the mechanism that dictionaries use to provide indexed access is quite different from that used by lists. Both lists and dictionaries can store objects of any type.
Values stored in a list are implicitly ordered by their positions in the list because the indices that access these values are consecutive integers. You may or may not care about this ordering, but you can use it if desired.
Values stored in a dictionary are not implicitly ordered relative to one another because dictionary keys aren’t just numbers.
Note that if you’re using a dictionary but also care about the order of the items (the order in which they were added, that is), you can use an ordered dictionary, which is a dictionary subclass that can be imported from the collections module.

How to use list and dictionary
In spite of the differences between them, the use of dictionaries and lists often appears to be the same.
As a start, an empty dictionary is created much like an empty list, but with curly braces instead of square brackets:
>>> x = []
>>> y = {}
How to Assign Values Dictionary and List.
After you create a dictionary, you may store values in it as though it were a list:
>>> y[0] = 'Hello'
>>> y[1] = 'Goodbye'
Trying to do the same thing with a list would result in an error because, in Python, it’s illegal to assign to a position in a list that doesn’t exist. For example, if you try to assign to the 0th element of the list x, you receive an error:
>>> x[0] = 'Hello'
Traceback (innermost last):
File "<stdin>", line 1, in ?
IndexError: list assignment index out of range
>>> print(y[0])
Hello
>>> y[1] + ", Friend."
'Goodbye, Friend.'
>>> y["two"] = 2
>>> y["pi"] = 3.14
>>> y["two"] * y["pi"]
This is definitely something that can’t be done with lists! Whereas list indices must be integers, dictionary keys are much less restricted; they may be numbers, strings, or one of a wide range of other Python objects.
References.
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