“A folksonomy is a user generated taxonomy, typically Internet-based, that categorizes content such as Web pages, photographs, Web links and other web content using open ended labels called tags. The process of folksonomic tagging is intended to make a body of information increasingly easier to search, discover, and navigate over time. A well-developed folksonomy is ideally accessible as a shared vocabulary that is both originated by, and familiar to its primary users. Two widely cited examples of websites using folksonomic tagging are Flickr and del.icio.us.” Via Wikipedia
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