Time-sharing

In computing, time-sharing is the sharing of a computing resource among many tasks or users. 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, and promoted the interactive use of computers and the development of new interactive applications.