Hi
ADDRSPC: this parameter specifies whether your job should use the Virtual memory or the Real memory when executing.
Advantage of Virtual memory is the Job can be paged. Virtual is Default.
Region:- Region parameter allocates the specified memory in the Real storage or Virtual storage as mentioned in the ADDRSPC parameter.
If they are coded in the EXEC statement then they are applicable only for that step.
If coded both on job and exec then Job overrides Exec.