Answer: Consumption-based pricing, Economies of scale

## 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.

Author: Ritesh Yadav