Microsoft 365 features that help users manage their subscriptions, account settings, and billing information.
Thank you for that information.
Your screenshot indicates you have a Microsoft 365 Basic subscription, that type of subscription only entitles you to 100GB of OneDrive storage and the use of the free Office apps in a web browser, it does not include locally installed version of the Office apps, it is only the Microsoft 365 Personal or Family subscriptions that include installing the Office apps locally on your PC.