Explanation of fundamental groups $\pi_1(X_0,x_0)\approx\pi_1(X,x_0)$

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Theorem. Let $x_0\in X,$ and let $X_0$ be the path component of $X$ containing $x_0.$ Then $\pi_1(X_0,x_0)\approx\pi_1(X,x_0).$

What is this theorem telling?

Is it telling that the fundamental group of whole space $X$ based at $x_0$ is isomorphic to the fundamental group of $X_0$ based at $x_0$?

How is that it is true? If you take the $\pi_1(S^1,1)$ and $\pi_1(S^n,1)$ and use this theorem for each of them, would not be a contradiction?

Like this $π_1(S^1,1)≈π_1(X,1)$ and $π_1(S^n,1)≈π_1(X,1).$ Hence $π_1(S^1,1)≈π_1(S^n,1).$

(sorry for not to be clear)

If you could give me an intuitively explanation, that would be enough. Thank you.

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Let’s use your example of a point $p$ on the sphere $S^n$ and show why this isn’t a contradiction. Your theorem states

$$\pi_1(X_0, x_0) = \pi_1(X,x_0).$$

Here, we have $x_0 = p$ and $X = S^n$. By definition, the subspace $X_0$ is the path-connected component of $X$ containing $x_0$. We don’t get to pick what $X_0$ is — we only get to pick the base point $p$ and then $X_0$ is given to us. Since $S^n$ is a path-connected space, i.e. it has one path-connected component, this implies that $X_0 = S^n$. Thus, your theorem says in this case that

$$\pi_1(S^n, p) = \pi_1(S^n,p).$$

Hopefully this equality is believable!