Explain the concept of shared libraries.

Shared Libraries are collections of precompiled code that multiple programs can use simultaneously. They provide a way to modularize and reuse code, allowing for efficient memory usage and easier updates.

Benefits of Shared Libraries:

1. Code Reusability: Allows multiple applications to use the same library, reducing code duplication and promoting reuse.
2. Reduced Disk Space: Avoids duplicating library code across multiple applications, saving disk space.
3. Simplified Maintenance: Updates to a shared library automatically propagate to all applications that use it, simplifying maintenance and bug fixes.
4. Faster Development: Developers can leverage existing libraries for common functionality, speeding up development.