What is the difference between MSP setup and MSP Upgrade Setup?

Can someone briefly explain with an example the difference between MSP setup and Upgraded MSP setup?

MSP Setup is denoted to the Direct or new installation of the MSP Server where as Upgrade MSP will refer that setup already having MSP which might be lower patch level and all the configuration are done . Then if you upgrade it to the latest patch level then it will be denoted as MSP upgraded Setup

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