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one vs two column index difference when doing JOIN query?

Let`s suppose that alfa,beta and gamma contains milions of rows so we need to create indexes obviously to get optimal performace for this query : SELECT * FROM alfa JOIN beta on beta.id = ...
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INDEX Creation Advice Oracle

I have a table that has time data of 2 billion records obtained from the clients. The data has two main columns, date and entity_id. The attributes date, and entity_id would make a unique pair. ...