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As a result, "the
inherent characteristics of a time-sharing system may well have long-lasting
effects on the character, composition, and intellectual life of a community" (cf.
Tuomi, 2002: 86).
The modern concept of proprietary software emerged in the 1970s, when the computer-
equipment industry began to unbundle software from hardware, and independent
software firms started to produce software for industry-standard computer platforms.
Over the decade, this development led to the realization that software was associated
with important intellectual capital which could provide its owners with revenue
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