Example: .co.uk or .co.nz and .com.au or .com.ar
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In the begining we only had a few top level domains (tlds) such as com, net, org. Eventually icann the organization that controls tlds decided they would give each country a tld and they could register new websites names. Columbia got co. With so many websites coming online, all the short names were quickly taken so you had to choose, if you wanted your name to be mycompanyllc.com or mycompany.co a lot of times the county domain names would be much cheaper than the “normal” one as well.
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