The Economics of Technology: Open Source Software (OSS)

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Introduction
Over the past few years, there has been a surge of interest in Open Source Software (OSS) development. Interest in this process, which involves software developers at many different locations and organizations sharing code to develop and refine software programs. You must be wondering what an Open Source Software (OSS) is. Open source software is a computer software with its source code made available and licensed with a license in which the copyright holder provides the rights to study, change and distribute the software to anyone and for any purpose. Open source software is usually developed in a public, collaborative manner. Source code is the part of software that most computer users don't ever see; it's the code computer programmers can use to change how a piece of software works. Programmers who have access to a computer program's source code can improve that program by adding features to it or fixing parts that don't always work correctly.
A Brief History of Open Source Software
There is a tradition of sharing and cooperation in software development. But in recent years, both the scale and formalization of the activity have expanded dramatically with the widespread use of the internet.
During the early 1960s to the early 1980s, many key features of the computer operating systems and the internet were developed in academic environments such as MIT and Berkeley. There were also central corporate research facilities where researchers did a lot of research and programming such as Bell Labs and Xerox’s Palo Alto Research Center. Software’s can be either written in source code or object/binary code. Source code is the code that uses programming languages such as Basic, C, and Java. Object/binary code is a sequence of numbers 0s and 1s that directly communicate with the computer, but it is more difficult for the programmers to go back to modify or to interpret the program. During the 1970s the focus was more on the development of an operating system that could run on...

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