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A Web address is also called a "domain name". The ".net" portion of a Web address is called a top-level domain (TLD). Other TLDs include .com, .org, etc.

Among other purposes, the TLDs are intended to identify the type of Website. For example:

.com - commercial business

.org - organization (usually non-profit)

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Q: What is the meaning of .net in web addresses and why is it dot net instead of using asterisk net or something else?
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