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The term 'utility computing' is used to describe the business model where service providers make computing resources and infrastructure management available to customers as required and then charge them for their specific usage rather than a flat rate.
Utility computing is described as a service provisioning model that offers computing resources to customers as and when they need them on an on-demand basis. The charges are exactly as per the usage or consumption of the services and resources provided, rather than a flat rate or a fixed charge.
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