The document summarizes the key differences between raster and vector images. Raster images are composed of pixels and commonly used formats include JPG, PNG, and GIF. They can lose quality when enlarged since pixels are fixed. Vector images use mathematical formulas to describe shapes and lines and can be scaled to any size without quality loss. Common vector formats are AI, EPS, and SVG. Raster images are best for photos while vectors are better for logos, illustrations, and anything that needs resizing.