[freedom] Difference between two python file reading statements

[RAGINI]

Hi,

Can someone please help me understand, What is the difference between the two 
statements:

1.
file = open("myfile.txt")
contents = file.read()
print(contents)


2.
with open("myfile.txt") as file:
   contents = file.read()
   print(contents)


Warm regards
Ragini