What is a workspace?
In order to create and manage application specific data/ metadata (for e.g.: Layout, Component, Objects, reports, list views, Applications, etc.), we require workspace.
Instance once created will have a default workspace created.
An instance may have multiple workspaces.
While creation of instance, will have following fields:
Label
Name
isActive
IsPublic
Start URL
A workspace has members.
Workspace sharing:
Data (e.g. Objects, Application) & metadata within workspace could be shared with instance members, profiles.