Define virtualization. Explain its underlying abstraction. Also mention the features provided by virtualization environment. Also, describe various Hypervisor based virtualization approaches like full virtualization, para virtualization and hardware assisted virtualization.

Virtualization is a fundamental concept in cloud computing and plays a crucial role in optimizing resource utilization, enhancing flexibility, and improving overall efficiency. At its core, virtualization refers to the abstraction of physical computing resources, such as servers, storage, and networking, to create virtual instances that can run multiple operating systems and applications independently.

The underlying abstraction in virtualization involves the creation of a virtual layer, often referred to as a hypervisor or Virtual Machine Monitor (VMM), that sits between the ________ __________ ____ _________ ____ _________ ___ _________ _________.
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