Explain the term Resource Provisioning in context of cloud computing. Also, explain the various approaches used for Resource Provisioning. Discuss the problems of Over-provisioning and Under provisioning.

Resource provisioning in cloud computing refers to the process of allocating and managing resources such as computing power, storage, and network bandwidth to meet the requirements of various applications and services hosted in a cloud environment. It is a critical aspect of cloud resource management because it directly impacts the performance, scalability, and cost-efficiency of cloud services. Proper resource provisioning ensures that cloud resources are available in the right quantities, at the right time, and at optimal cost.

In cloud computing, resources are typically virtualized, which means that physical hardware resources are abstracted into virtual resources that can be dynamically allocated to users as per demand. The key objective of resource provisioning is to meet the performance requirements of applications while optimizing the cost of cloud services.

Approaches to Resource Provisioning

Resource provisioning in cloud computing can be performed through various approaches depending on the specific needs of the applications and the cloud environment. Some of the most commonly used approaches include:

1. Static Provisioning: Static provisioning refers to allocating a fixed amount of resources to an application or service. Once these resources are provisioned, they remain constant and do not change unless manually __________ _________ _________ _____ __________ _________ ________.
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