What is the difference between web hosting and a dedicated server?

What is the difference between web hosting and a dedicated server?

With web hosting or a shared server, your website is stored on a physical server or a server provided by the web hosting provider, along with many other websites. This means that you share a server with several or hundreds of other users. This is why web hosting is often referred to as 'shared' hosting. Only you use the dedicated server.

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What is a dedicated server or dedicated hosting?  
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What is the difference between web hosting and a dedicated server?