DNS Round-robin, Load Balancing, Load sharing, and failover in 2012

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http://serverfault.com – I have been reading many posts on serverfault as well as on other sites regarding all these. What I understand is, Multiple A records(round-robin dns) can be used for both : Load sharing (round-robin, but NOT load-balancing). Many people say that “Load Balancing” but I think there will be no load-balancing because “Balance” means (literally) “compare two(or more) and adjust” (and that is what Real s/w or h/w Load balancers do) but Browsers never do this, instead they randomly select and IP and connect to it. It doesn't have any knowledge about the current load of that serv (HowTos)