Maybe the key point that's confusing here is that there's a lot of zooming in & out happening in these steps, in addition to cropping.
The phone's camera sensor has much higher resolution than the phone's screen, in addition to a different aspect ratio. The aspect ratio is a rectangle's "shape", characterized by its width divided by its height, ignoring its size, so e.g. 6:4 is the same aspect ratio as 3:2.
So when you display the sensor's full image on the screen (by selecting 4:3 aspect ratio), it leaves bars on the sides (because of the different aspect ratios) and is also zoomed out (showing less detail) than the actual sensor image (because otherwise it wouldn't fit).
If instead you select 19:9 ("full"), the sensor image gets both cropped (leaving only a Note10-shaped chunk of the original rectangle) and again zoomed, to fit the whole screen (but the actual image still has higher resolution than its display on the screen).
A good way to understand all this is to play with it directly. Take any screen shot, and also take a photo at each of the available aspect ratios. (If possible, prop the camera up on a stand so it doesn't move between photos.) Then go look at the metadata for those images. For each one, calculate the aspect ratio from the resolution (divide the width by the height), and also compare the resolutions themselves, so you can see what has been cropped and what has maximum resolution.