Description: The ‘Library Path’ in Ruby refers to the directory where the programming language looks for the necessary libraries or gems to run applications. This concept is fundamental to the functioning of Ruby, as it allows developers to organize and manage their project’s dependencies efficiently. The library path can be configured and modified according to the project’s needs, providing flexibility and control over the versions of the gems used. Additionally, Ruby uses an autoloading system that facilitates the inclusion of these libraries in the code, simplifying the development process. Proper configuration of the library path is crucial to avoid conflicts between different versions of gems and to ensure that the development environment is consistent and predictable. In summary, the library path is an essential component in dependency management in Ruby, allowing developers to access a wide range of functionalities and tools that enrich their applications.