Shared hosting is basically sharing a Dedicated server with some other users and the reason for this may be the high cost of the Dedicated server or simply because one does not need the resources offered with a Dedicated server. A Dedicated server only belongs to you and hence it is preferred by all. However, it also depends on your requirements.
If you want to have the features of a Dedicated server and you do not need the resources or you cannot afford a Dedicated server then you can simply opt for a VPS as it is just like a small Dedicated server with almost all the features of a Dedicated server with less resources and eventually lesser cost.
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