4.15 Limits and colimits in the category of sets
Not only do limits and colimits exist in $\textit{Sets}$ but they are also easy to describe. Namely, let $M : \mathcal{I} \to \textit{Sets}$, $i \mapsto M_ i$ be a diagram of sets. Denote $I = \mathop{\mathrm{Ob}}\nolimits (\mathcal{I})$. The limit is described as
So we think of an element of the limit as a compatible system of elements of all the sets $M_ i$.
On the other hand, the colimit is
where the equivalence relation $\sim $ is the equivalence relation generated by setting $m_ i \sim m_{i'}$ if $m_ i \in M_ i$, $m_{i'} \in M_{i'}$ and $M(\phi )(m_ i) = m_{i'}$ for some $\phi : i \to i'$. In other words, $m_ i \in M_ i$ and $m_{i'} \in M_{i'}$ are equivalent if there are a chain of morphisms in $\mathcal{I}$
and elements $m_{i_ j} \in M_{i_ j}$ mapping to each other under the maps $M_{i_{2k-1}} \to M_{i_{2k-2}}$ and $M_{i_{2k-1}} \to M_{i_{2k}}$ induced from the maps in $\mathcal{I}$ above.
This is not a very pleasant type of object to work with. But if the diagram is filtered then it is much easier to describe. We will explain this in Section 4.19.
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