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How Jazz SCM Works in context of Storage?

1. Streams (Which contains the Code)
2. Repository Work space (Copy / Link of Stream Code) Here i want to now whether it creates link or copy code in one's repository Workspace.
3. Local SandBox (Which stores code on Local PC)
I need to know storage concept in the context of Streams and Repository Workspace Links?
One answer

Streams and repository workspaces contain component configurations that are used to recreate the contents of the components.
Comments

I am talking about chage-sets. I know whole code and change sets are stored in DB.
So you mean to say like
Lets suppose i have 2 projects in stream
Test Project1 and Test Project2 and both projects are in the stream. whenever we modify it, it will just store change-set chnages and information in DB and will not take any space for repository work-spaces in DB. So the storage space will be increased according to change set content and changes.
Please correct me if i am wrong?

Streams as well as repository workspaces are only small objects that contain a configuration information required to reconstruct the content. So a stream and a repository workspace is a cheap object. You don't require lots and lots of space in the data warehouse for creating them.