The word "People" can function both as a noun and as a verb. This depends on how it is being used.
When it is used in reference to human beings in general, or as a group, it functions as a noun. For example, "The bank gave grants to 3 million people".
When it is used to describe the action of populating, colonizing, or inhabiting a place, then it functions as a verb. For example, "The riverine areas are peopled by strong tribes.
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