Vector

1. Multiple reference points and curves.
2. Scalable without losing quality.
3. Ability to convert to a raster file.
4. File Formats: .ai, .eps, .pdf, .svg

Raster

1. Made up of pixels.
2. Loses quality when scaled.
3. Cannot be converted to a vector file.
4. File Formats: .bmp, .gif, .jpg, .png