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One of the better concepts with Python is Virtual Environments. This allows you to run multiple versions of Python on the same server without them affecting each other.
I am no expert, but the general consensus I have seen is to have the env inside your project file. This keeps everything together and there is no confusion as to which environment is for what project.
If you want to read up about Virtual Env: https://virtualenv.pypa.io/en/latest/
👤tl8
Source:stackexchange.com