Racket dynamically allocates memory for data structures, functions, and control info, managed automatically without dev intervention.Racket's memory management involves stack and heap allocation optimized for specific data types and operations.Functions in Racket use the stack for local variables and control info, creating and removing stack frames during execution.Racket distinguishes between boxed and unboxed values for performance optimization during memory allocation.New objects in Racket are initially allocated in the young generation, with promotion to the old generation based on usage and references.Custom structures in Racket are stored in memory to optimize access and assist the garbage collector in efficient memory management.Large objects like arrays are allocated directly in the old generation to minimize copying during garbage collection.Racket uses memory alignment and object promotion techniques to enhance memory access and allocation efficiency.Generational garbage collection, mark-and-sweep algorithm, and compaction are vital parts of Racket's memory management system.To handle circular references, Racket's garbage collector employs a tracing collector that correctly identifies and removes unreachable objects.