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What is Web Hosting?
Web Hosting is an internet service that allows you to host your website on the web. The hosting company will provide you with web space for your web site files, bandwidth for your web site traffic. As well as the operating system and softwares needed to run your web site, such as cpanel, php, mysql,cgi, perl, web stats, email applications...etc

What is a Dedicated Server?
Dedicated server is a server you can rent from the hosting company and no one else can use it beside you. The server can be fully managed by the company, where they take care of the server security and software updates, or it can be unmanaged where you do all the management work. Dedicated servers are used for web sites with heavy traffic.