Think of a shared server as a large apartment complex, and all of the individual apartments are rented by other website owners. All of you need a place to live — just like your website’s files — but going out to buy a huge family home would be too expensive for your needs. Sharing common areas and utilities in an apartment block helps keep costs down. And the same is true for shared hosting.
Unmetered hosting is generally offered with no limit on the amount of data-transferred on a fixed bandwidth line. Usually, unmetered hosting is offered with 10 Mbit/s, 100 Mbit/s or 1000 Mbit/s (with some as high as 10Gbit/s). This means that the customer is theoretically able to use ~3 TB on 10 Mbit/s or up to ~300 TB on a 1000 Mbit/s line per month, although in practice the values will be significantly less. In a virtual private server, this will be shared bandwidth and a fair usage policy should be involved. Unlimited hosting is also commonly marketed but generally limited by acceptable usage policies and terms of service. Offers of unlimited disk space and bandwidth are always false due to cost, carrier capacities and technological boundaries.[3]
to help you to create a site with similar functionality as Wikipedia. A wiki makes it easy for multiple users to collaborate on content directly from

Shared hosting is like you are living in a room with a lot of friends. It means you must fit in the same room and you must split the cost of several things because it is affordable and cheap. However, several individuals are sharing the same space, it means everyone needs to live within a space with restricted resources among them. You will have to use the same things (that sounds a little unhygienic).
I can’t say it as a disadvantage of VPS hosting because many of our VPS hosting customers have server administrator to manage their VPS and they manage it in very efficiently manner. But this doesn’t everyone must have server administrator, we have content-rich knowledge base on VPS hosting for our self-managed customers.Also, a managed service option at very affordable price.
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