The Bottom of Network's Trench

Peer-to-Peer: "Allows users to share resources and files located on their computers and to access shared resources found on other computers." AppleShare is an example.

Advantages - Less expense. Does not require a dedicated server.
- May only need to be reconfigured for peer-to-peer operations.
Disadvantages - There is no central source for files and applications.
- Fails to possess any form of security.

Client/Server: "Allow the network to centralize functions and applications in one or more dedicated file servers." Novell Netware is an example.

Advantages - Resources and data security are controleld through the server.
- Any or all elements can be replaced individually as needs increase.
- New technology can be easily integrated into system.
- All components work together.
- Server can be accessed remotely and across multiple platforms.
Disadvantages - Quite expensive.
- Requires a staff of some form to ensure efficient operation.
- When the server goes down, operations will cease across the network.

I think I personally prefer the clien/server, seeing how it seems a lot more dependable to transmit information quickly and efficiently, despite its expense and required attention.

Sincerely,
Bleed.