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Modern database applications function using aspects of set theory.
Set theory does have many practical business applications. Some of these include how the Turing machine is used in computer science, and the theory of crisis of foundations in math.
Classical theory is a reference to established theory. Fuzzy set theory is a reference to theories that are not widely accepted.
Set theory was founded by Georg Cantor in 1873.
Who: Basically, the set theory was developed by Georg Cantor.