Label-switched path vs. Pseudowire

15 pts.
Tags:
MPLS
Networking
Telecommunication
The concept of PW (pseudowire) is not clear to me. Does making a pseudowire mean allocating dedicate path with reserved resources for a specific service? So, what are its differences comparing to a label-switched path (LSP)? Does pseudowire just have encapsulation feature more? "pseudowire" is a layer 2 concept or layer 3? Amir.
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