AWS Certified Cloud Practitioner

Explanation

Consumption-based pricing and Economies of scale are both economic benefits of using AWS Cloud:

Consumption-based Pricing

• AWS uses a pay-as-you-go model where you only pay for the resources you actually use

• No upfront costs or long-term commitments required

• Allows businesses to align costs directly with usage patterns

• Provides flexibility to scale up or down based on demand

Economies of Scale

• AWS operates at massive scale, allowing them to achieve lower costs per unit

• These cost savings are passed on to customers

• AWS can negotiate better hardware prices and optimize infrastructure efficiency

• Customers benefit from AWS's purchasing power without having to make large capital investments

These two benefits work together to provide significant cost advantages over traditional on-premises infrastructure.