(N/A) Bernoulli's equation is based on the assumption of an ideal fluid. Its limitations are as follows:
$1$. It is valid only for incompressible,non-viscous,and steady (streamline) flow of fluids.
$2$. It does not account for energy loss due to viscosity or friction between fluid layers.
$3$. It ignores the energy dissipated as heat during fluid flow.
The uses of Bernoulli's equation include:
$1$. It is used to calculate the velocity of efflux (Torricelli's Law).
$2$. It explains the working principle of a Venturi meter,which is used to measure the flow rate of a fluid.
$3$. It explains the aerodynamic lift on an airplane wing.
$4$. It is used in the design of atomizers and Bunsen burners.