Development and Production Databases

How do you guys approach separating your dev environment and production ?

Do you create two separate databases ? One with -dev and one with -prod ? And then once you're done working on your updates and stuff how do you shift from that to this ?

So right now I'm in development of my project, I've made a project in the organization, I can make another project too, is there a way to extract everything from the dev project to production project?

And for updating , let's say I add a new function A in dev, and I test it and everything is fine, how'd the transition happen into prod?
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