Sharepoint 2013 Managed Path Explicit Inclusion and WildCard Inclusion

While reading Sharepoint , I found concept of managed path, and got a question Is Managed path similar to Site Collection??

Read a bit, and found, By Default SharePoint Web Applications have a managed path "/". Now for our convenience we can create managed path like "/sites/". So it will look like 

Http://www.example.com/
http://www/example.com/sites/
These both are example of managed path, just the difference is one is default root "/" and second is manually created "/sites/. 
So now what is Explicit Inclusion: - 
No big topic, A managed path which could not have further divisions. Divisions What is a division now??? see 
http://www.example.com/sites/Hr
http://www.example.com/sites/Admin
http://www.example.com/sites/Money

Here these 3 are example for the site collection, /Hr/, /Admin/, and /Money/ are nothing but site collection or Divisions under managed path /sites/. 
So back to Explicit Inclusion, its a type of managed path which will hold the content data pages etc but it wont have any site collection below it. 

But we do have many Sharepoint web applications with managed paths which does have site collection then what is it?? These all are Wild Card Inclusion type of managed path. 

So 
http://www.example.com  - web application
http://www.example.com/ - Web Application where '/' is managed path or
http://www.example.com/sites/ - Web application where '/sites/' is managed path. 

http://www.example.com/gandhi/ - further no subsites, is eg of Explicit inclusion managed path

And below are example for WildCard Inclusion managed path. 
http://www.example.com/sites/HR/2013
http://www.example.com/sites/Admin/Blog
http://www.example.com/sites/pcsmitpra/SharePoint/

Hope it will help.