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What you are trying to build is essentially a multi-tenant solution on AWS. Although you could have a separate database per tenant, you don't necessarily need to have a separate database per tenant, as that will be very expensive.
Here are some good blogs that talk about building multi-tenant solutions, that you can use as guidance for building what you are trying to build
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There is not enough information here to give a straight answer, but probably you do not want multiple schemas. If your application is expected to connect to multiple 'businesses' then you probably want a single schema. If you instead use 'per business' databases, your application will need to change the database context for each query.
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