Let

be an autonomous dynamic nonlinear network. Let

be the associated resistive subnetwork obtained by open circuiting all capacitors and short circuiting all inductors. The following main results are proved. 1) Suppose that

has only isolated operating points. Then

has only isolated equilibria if, and only if, "there are no capacitor-only cutsets and inductor-only loops." (Condition

). 2) If Condition

. is violated, then there are a continuum of equilibria even if the operating points are isolated. 3) Let

be the set of equilibria. Then each trajectory is constrained to lie on an affine submanifold

, which depends on the initial state, such that

has only isolated points. Hence each trajectory behaves as if it has only isolated equilibria. The space

, because of its nature, can be considered as the minimal dynamic space of the network. It is shown that the results can be generalized to nonautonomous networks. Finally an application of the results to eventually passive networks is given.