WiFi is a shared half-duplex medium where performance is determined by how efficiently airtime is shared as networks scale.
A useful way to frame this is a town hall meeting with a speaker at a podium. Only one person can speak at a time. How well the meeting functions depends on the room itself, how speakers behave, and whether announcements interrupt everyone.
These map directly to the three drivers of WiFi airtime efficiency: Spectrum Quality, Client Behavior, and Broadcast & Multicast Traffic.