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I suspect the reason for lumping ram, disk, vcpus together as a flavor is that many service providers have defined machine sizes that cost a given amount per month. (e.g. a 1 cpu machine with 1 GB of RAM and 10 GB of storage will cost x dollars per month but the next size up in machine would cost y dollars and provide 2 cpu with 4 GB of RAM and 20 GB storage. They often don't offer an option in between)