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What do ir and res stand for, apart from being directories in the base module of OpenERP. Most of the errors I see while using openerp show 'ir' or 'res' somewhere in the traceback.

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IR = Information Repository

RES = Resource

These are two kinds of data that are stored in OpenERP.

A resource matches something in the 'real world' that you store in OpenERP - to represent information about partners, or products or accounting transactions.

The Information Repository is used to store data needed by OpenERP to know how to work as an application - to define menus, windows, views, wizards, database tables, etc.

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Did ir present in openerp7.0?

This structure is not new to version 7.0.

But i install a module it shows "import error: module named ir". How can i solve this?