Raw Vs. JPEG

three advantages of a RAW file: 
- It has at least 8 bits per color
- Its higher in dynamic range

one disadvantage of a RAW file: 
- Lower in contrast 

three advantages of a JPEG file:
- Suitable for pinting 
- Suitable  for sharing on the web
- Higher in contrast 

one disadvantage of a JPEG file:
- Has limited editing options