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1. Lead:

   • "Lead" can be a verb or a noun. As a verb, it typically means to guide, direct, or be in charge of a group or situation.
   • Example (verb): "She will lead the team in the upcoming project." Here, "lead" is used to indicate the action of guiding or being in charge of the team.
   • Example (noun): "He took the lead in the race after the first lap." In this sentence, "lead" refers to the position of being ahead of others in a competition or activity.

2. Led:

   • "Led" is the past tense and past participle form of the verb "lead." It is used to indicate that someone or something guided, directed, or was in charge of a group or situation in the past.
   • Example: "She led the team to victory last year." Here, "led" indicates the past action of guiding or being in charge of the team.