cloud computing: A networking solution in which everything — from computing power to computing infrastructure, applications, business processes to personal collaboration — is delivered as a service wherever and whenever you need.
cloud service: The delivery of software, infrastructure, or storage that has been packaged so it can be automated and delivered to customers in a consistent and repeatable manner.
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Source:http://www.dummies.com/how-to/content/cloud-computing-glossary.html
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