How do dynamic libraries work?

Related questions

1. What is Ld Linux so?
2. What is $PATH in Linux?
3. How does dynamic link library work?
4. What is Linux LDD command?
5. What is ETC Ld so cache?
6. What is static linking and dynamic linking?
7. What is RC in Bashrc?
8. What is a shared library Linux?
9. Where is Ld_library_path in Linux?
10. Should I edit Bashrc or Bash_profile?

Tags

1. #shared
2. #requires
3. #dynamic
4. #happens
5. #dynamically
6. #binary
7. #loaded
8. #simply
9. #application
10. #disadvantages
11. #library
12. #libraries
13. #memory
14. #runtime
15. #linking
16. #advantages
17. #program
18. #actual