Shared hosting plans have multiple websites hosted on the same server, with all of them sharing the server resources between each other. Therefore, each user on the server has their own limited amount of resources they can use.
Due to its limitations, shared hosting is the most affordable, and therefore, the most popular type of hosting – perfect for small and medium-sized websites or businesses, as well as personal blogs and small online stores.
With shared hosting, you also don’t need to worry about server management, as that is taken care of by your hosting provider.