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Well, the advantages (perhaps the most obvious one ), is that Free Web Hosting is FREE. In fact, quite a few of them offer decent packages with decent Bandwidth, Disk Space for Websites that are either just starting off and/or have low traffic coming to them.
The disadvantages are quite a few of them. From what I have seen, most of them do not offer any kind of Support, which according to me is justified, considering that they aren't charging a single cent for their services. Secondly, quite a few of them do not offer Databases with their Free Web Hosting Plans, which, as I said, might be ok for websites that are just starting up, but they may want DB support later on.
The Drawbacks of Paid Hosting differ from Provider to Provider. While some of them may offer you exceptional Support, others may not be up to the mark. Also, there is a vast variation in the technologies supported by Web Hosting packages being offered by various Providers. It is wrong to point out any disadvantages of Paid Web Hosting compared to Free Web Hosting, simply because you really get a lot more these days by simply paying a couple of dollars per month.
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