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What's more expensive and/or time consuming? 2D animation or 3D animation?

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What's more expensive and/or time consuming? 2D animation or 3D animation?

I keep hearing a variety of answers from people. Some say 2D is cheaper, others say 3D is cheaper, some say the same. I do know that in the video game industries 2D animation tends to be more expensive when creating characters, specifically for fighting games.

I decided to ask here because I'm sure a lot f people have experience with both for obvious reasons. And if one is more expensive and/or time consuming than the other, I'm curious of just how much more?