Free - both the Mac and PC built-in ones aren't actually too shabby at all - I've used Microsoft Windows Movie Maker and thought it was pretty good TBH.
Adobe Premier for editing and After Effects for post processing are Industry standard tools as is Final Cut Pro but all are pricey (easily available elsewhere depending on your morals but invariably laden with malware/trojans etc)
This is a great link for OpenSource Alternative to Commercial Software and here's the Wikipedia version of a similar list.


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