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You can host your website, blog, or online store on your domain registered on your Google Domain. Google has tools and resources to help you create a website.
A domain name is just your website's address, while web hosting stores all your website data and files. Without web hosting, your website is nonexistent, and your domain name would point to nowhere.
A website hosting agreement is an agreement between a company that owns the website and a different company that provides web hosting. The hosting company agrees to provide storage space on their server for a specific period in exchange for payment.
Domain names and web hosting services are purchased and renewed separately; they're not the same service. If you renew your domain name, that doesn't mean you also renewed your web hosting service and vice versa.
The main difference between domain and hosting is that domain is the address, which allows a visitor to easily find your website online, while hosting is where the website files are stored. In order to have a functioning website, you need both ? a domain and hosting space.