Brushless have no sliding electrical contacts (brushes). This means less friction so they spin easier and faster but have less torque than a brushed motors (at the same speed). The motor weigh less (less copper) and even though there is some fancy electronics and powerful magnets the actual cost of manufacturing is really not that much more (even though, you the customer, pay a lot more).
In almost every application the motor is geared down. With brushless motors they are gear down even more which gives them similar/more torque than brushed motors.
Also because there is less friction and the speed control is all electronic, batteries last longer.