Is open source a development model, business model, or something else?

Net catching 1s and 0s or data in the clouds
The term "open source" was coined in 1998 at a strategy session held by Open Source Initiative (OSI). The OSI maintains the Open Source Definition (OSD), which places mandates on the distribution terms of any software that claims to be open source. The OSI also maintains a curated list of official open source licenses that meet these guidelines.

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