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Delphi is the most powerful Object Pascal IDE and component library for cross-platform Native App Development with flexible Cloud services and broad IoT connectivity. It provides powerful VCL controls for Windows 10 and enables FMX development for Windows, Mac and Mobile. Delphi is your choice for ultrafast Enterprise Strong Development™. Look for increased memory for large projects, extended multi-monitor support, improved Object Inspector and much more. Delphi is 5x faster for development and deployment across multiple desktop, mobile, cloud and database platforms including 32-bit and 64-bit Windows 10.
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Here's some text from the help that might be worth going over.
Library path: Specifies search paths where compiler can find the source files for the package. The compiler can find only those files listed in the library path. If you try to build your package with a file not on the library path, you will receive a compiler error.
BPL output directory: Where the compiler should put compiled packages (.bpl) files.
DCP output directory: Specifies a separate directory to contain the .dcp files.
Browsing path: Specifies directories where the Project Browser looks for unit files when it cannot find an identifier on the project search path or source path. The directories listed here are appended to the end of the debug source path (which is set using the Directories/Conditionals page of the Project Options dialog box).