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List and Describe the Three Main Cloud Computing Service Models

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List and describe the three main cloud computing service models, including what the customer and vendor manages for each one. If you were running your own business and wanted to use these models, how would you determine which one is best for the business?


Definitions:

Command Economies

In these economic frameworks, the central authority or government is responsible for making choices about the creation and allocation of goods and services.

Upper-middle-income

A classification of socio-economic status used to describe individuals or families with income levels between the middle class and the affluent.

Industrially Advanced Countries

Nations with highly developed economies, significant industrial output, and advanced technological infrastructure.

Population Growth Rates

The rate at which the number of individuals in a population increases in a given time period as a result of birth rate, death rate, and net migration.

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