Difference Between Licensed User and Unlicensed User

Hi! I have an unlicensed account, but I found that I can use templates, create sheets, create dashboards, and adjust views (gantt view, etc). The only thing that I've found that i can't do is edit reports or create new templates. Other than that, it seems like I have a lot of capabilities. Is this because a licensed account give me Admin access to their workspace or do all unlicensed accounts have these features? Thanks!

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