If you turn on external sharing, you have options to limit sharing, such as warning users before they share or blocking link sharing. If you turn off external sharing, users can’t share the following items with external users: Invitations to items created in Docs, Sheets, and Slides; Links to files stored in Drive More @Wikipedia
Hover over any link to get a description of the article. Please note that search keywords are sometimes hidden within the full article and don't appear in the description or title.