Instances Purchasing Options
Instance types also can be classified by their purchasing options. They are as followed:
On-Demand: For short workload, predictable pricing and pay by second.
Reserved (1-3 years): Convenient for long workloads
Saving Plans (1-3 years): Commitment to an amount of usage, long workload
Spot Instances: They are cheap and losable instances. But useful for short workloads. It is less reliable so that not prefer to execute important workloads on it.
Dedicated Host: Book an entire physical server
Dedicated Instances: Your hardware can not share with other users.
Capacity Reservations: Reserve capacity in a specific AZ for any duration
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