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What are the advantages and disadvantages of living on an extinct volcano?

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What are the advantages and disadvantages of living on an extinct volcano?

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This is very difficult because a volcano can appear very inactive but burst into life without warning. Scientists say that a volcano is active if it has erupted sometime during the last few hundred years. A dormant (sleeping) volcano is one that has not erupted for a few hundred years but has erupted during the last few thousand years. An extinct (dead) volcano is one that hasn’t erupted for several thousand years and shows no signs of activity at all. Therefore we cannot be 100% sure that extinct volcano’s will never erupt so if you live near a volcano there is a possibility it will erupt and ruin crops and cause ash etc..

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