Yes. A VPS can be partitioned and organised to suit your requirements. This means you can use it to host several websites or projects by allocating a private space to each one. You choose the volume of each space, too. To simplify this, you can install web hosting control panels like Plesk or cPanel.

If we decide to describe it in the most straightforward, non-technical language, We can say VPS works as a hotel where Site owners can hire separate spaces with all features and store their site data in that room. In technical terms, we can describe VPS as a virtual server. In the VPS system, one dedicated server gets divided into many independent parts, and those parts act as a whole separate server for the client.

Users of Shared hosting all share the resources on the server their websites are on. There is no guarantee of RAM or CPU with Shared hosting. Shared hosting also does not provide full root access to the server, unlike a VPS package where users are given full root access to perform commands and make configuration changes to their hosting environment.