Create a web application with python + Django + PostgreSQL

HTTP is the request-and-response protocol of the web: a client sends a method, a path and headers, a server answers with a status code, headers and a body, and each exchange stands alone unless the two sides agree to carry state in a header.

A REST API exposes an application's data as resources at stable addresses and lets clients read and change them with HTTP's standard methods and status codes, so that the protocol itself carries most of the meaning.

Python is a general-purpose programming language that became the standard interface for driving numerical and machine-learning code written in other languages.

A VPS is a software-defined slice of one physical machine that behaves as a server in its own right, with its own operating system, reserved CPU, memory and disk, and administrative access down to the kernel.

A dedicated server is an entire physical computer rented by a single customer, with no hypervisor taking a share and no other tenants on the hardware, chosen when consistent performance, specific components or provable isolation matter more than the ability to resize in seconds.

Managed hosting is any plan where the provider runs the server on your behalf, covering updates, hardening, monitoring, backups and tuning, so the thing being sold is administration time with a machine attached rather than the machine itself.