Vector Graphics:

• Combination of Path (line/ square/ triangle).

Raster Graphics:

• Combination of Pixels.

Extensions of Vector Graphics:

Encapsulation Photo Script (.EPS) :

• Graphics, Text.
• Portable.
• 2D Creation.
• Logos Creation.

Scalable Vector Graphics(.SVG) :

• XML Based.
• Developed in 1999.
• Logos Creation.
• 3D Creation.

Adobe Illustration Artwork (.AI) :

• Created by Adobe Illustrator.
• Logos Creation and Print Media.
• 2D and 3D Creation. 

Draw File (.DRW):

• Used for Drawing.
• For drawing automotive, electronics and construction.
• 2D and 3D Creation. 

Advantages:

• Size can increased or decreased.
• Can be converted to raster graphics.
• Easily editable.
• Uses less storage space.