Simplifying your question. Blogger from Google is hosted by Google and may be used effectively.
Wordpress may be self hosted by yourself (the hosting company you choose) or it may be hosted by Wordpress. Both are very effective to use based on your needs.
However, a Wordpress self hosted is the most useful and most effective in most of the situations. It provides more protection of losing the site, better SEO benefits, and more control of your domain with the possibility of selling the site later.
When you have a plan and future goals defined, then you will be able to make the best choice.
You must take in consideration what you are really trying to accomplish in order to make a final decision and choose the best direction to fit your needs.
Also, you must decide if you want quality or quantity. When you are new or don't want to build a reputation for yourself, you might tilt toward quantity.
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