1) Simple and easy to learn:

•  Python is a simple programming language. When we read Python programs, we can feel
  like reading English statements. 
• The syntaxes are very simple and only 30+ keywords are available.
•  When compared with other languages, we can write programs with a very less number
  of lines. Hence more readability and simplicity.
•  We can reduce the development and cost of the project.

2) Freeware and Open Source:

•  We can use Python software without any license and it is freeware.
• Its source code is open so that we can customize based on our requirements.
•  Eg: Jython is a customized version of Python to work with Java Applications.

3) High-Level Programming language:

•  Python is high-level programming language and hence it is programmer friendly
  language.
•  Being a programmer we are not required to concentrate low-level activities like
  memory management and security etc.

4) Platform Independent:

•  Once we write a Python program, it can run on any platform without rewriting once
  again.
• Internally PVM is responsible to convert into machine-understandable form.

5) Portability:
Python programs are portable. ie we can migrate from one platform to another
platform very easily. Python programs will provide the same results on any platform.

6) Dynamically Typed:

•  In Python, we are not required to declare the type of variables. Whenever we are
  assigning the value, based on the value, the type will be allocated automatically. Hence Python
  is considered a dynamically typed language.
•  But Java, C etc are Statically Typed Languages b’z we have to provide type at the
  beginning only.
• This dynamic typing nature will provide more flexibility to the programmer.

7) Both Procedure Oriented and Object Oriented:
Python language supports both Procedure oriented (like C, pascal etc) and object
oriented (like C++, Java) features. Hence we can get benefits of both like security and
reusability etc.

8) Interpreted:

• We are not required to compile Python programs explcitly. Internally Python
  interpreter will take care that compilation.
•  If compilation fails interpreter raised syntax errors. Once compilation success then
  PVM (Python Virtual Machine) is responsible to execute.

9) Extensible:

•  We can use other language programs in Python.
• The main advantages of this approach are:
  1. We can use already existing legacy non-Python code
  2. We can improve the performance of the application

10) Embedded:
We can use Python programs in any other language programs.
i.e we can embed Python programs anywhere.

11) Extensive Library:

•  Python has a rich inbuilt library.
•  Being a programmer we can use this library directly and we are not responsible to
  implement the functionality. Etc.

Limitations of Python:
1) Performance wise not up to the mark because it is interpreted language.
2) Not using Mobile Applications.