Shared web hosting is a cost-effective solution that unlocks the power of hosting for individuals and small businesses. By pooling resources on a single server, shared hosting providers offer affordable plans that cater to a wide range of users. This approach enables users to share server space, bandwidth, and other resources, significantly reducing costs compared to dedicated hosting. While shared hosting may lack the customization and performance of dedicated solutions, it provides an accessible entry point for those looking to establish an online presence without the complexity or expense.