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Time-sharing
Computing resource shared by concurrent users / From Wikipedia, the free encyclopedia
In computing, time-sharing is the concurrent sharing of a computing resource among many tasks or users by giving each task or user a small slice of processing time. This quick switch between tasks or users gives the illusion of simultaneous execution.[1][2] It enables multi-tasking by a single user or enables multiple-user sessions.
Developed during the 1960s, its emergence as the prominent model of computing in the 1970s represented a major technological shift in the history of computing. By allowing many users to interact concurrently with a single computer, time-sharing dramatically lowered the cost of providing computing capability, made it possible for individuals and organizations to use a computer without owning one,[3] and promoted the interactive use of computers and the development of new interactive applications.