Open/Closed source software

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Open source software
A software (usually free) which has the source code open to allow the user to edit it so it is more valuable for their individual use.
Example of open source software
An example of open source software is Firefox web browser.
Closed source software
A software which is normally bought which has a set purpose therefore the code is non-editable.
Example of closed source software
An example of this is Adobe Photoshop.
One positive of open source software
You can control and alter the code to be specifically useful to you and your job/task.
One positive of closed source software
The code will be expected to work a certain way and will be able to receive help by the company if it does not.
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