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A two-party system refers to a party system where only two major political parties are dominating the race in government position. A multiparty system is where a number of political parties can participate in a national elections and have equal chances of gaining control in the government offices. 

The US is currently using the two-party system where the house of representatives is composed of the democrats and republicans. 

In Two party-system two major parties compete for power while in multi-party system more than two major parties compete for power.

A... Strengths of two party system are :

Easy government formation.

Strong Opposition.

Government completes its full term.

Easy elections.

B.... weaknesses of two-party system :

Masses are less represented.

Less choice for voters.

1.  Strengths of multi-party system :

Masses and minorities are well represented.

More choices for voters.

2.  Weaknesses of Multi-party system :

No easy government formation and coalition government.

Coalition often breaks before full term of government.

Money and time consuming elections.

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