Examples of transfinite constructions in algebra

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The nlab has a page on transfinite construction of free algebras on the existence of a free monad for a (pointed) endofunctor (accessible in a locally presentable category). My question is if the existence of

  • tensor product $- \otimes B$ with an abelian group
  • algebraic closure of a field

and other similar classical constructions in algebra fall in this construction, and if so how to see that.