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Microsoft Certified: Azure Fundamentals · Microsoft
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D. Metered Pricing Public cloud services operate on a pay-as-you-go model. Users are charged based on the resources they consume (e.g., compute, storage, bandwidth). ce Management Public cloud providers offer self-service portals, allowing users to deploy, manage, and scale resources without manual intervention. Examples include Azure Portal, AWS Management Console, and Google Cloud Console.
Public cloud provide metered pricing and you have to manage the resources as well.
I do not think dedicated hardware is an option, you pay for resources in a metered way and self service management. BC are out of the question.