Final answer:
The term 'Agile' software development describes a collaborative, flexible and iterative approach in software development, focusing on incremental releases and continuous improvement.
Step-by-step explanation:
The term Agile software development describes new approaches that focus on close collaboration between programming teams and business experts. Agile methodology emphasizes incremental and iterative work sequences, commonly known as sprints. Unlike traditional Waterfall development, Agile allows for more flexibility and customer feedback throughout the development process. Instead of a single, monolithic release at the end, Agile encourages a series of small, usable increments that build upon each other. This approach can enhance the end product as it allows for adjustments along the way based on user feedback and changing requirements.
An example of Agile in practice is a software team working on a new application, breaking the work into two-week sprints. At the end of each sprint, the team could demonstrate a working feature to the business stakeholders for input, thereby ensuring that the development aligns closely with business needs and market demands.