contribution of advertising to economic development
In a country in which consumer spending determines the future of the economy, advertising motivates people to spend more. They are as follows. Economic development refers to the process in which a region improves the well-being of its citizens. Advertising and the creative industries. Deception in Advertising: The relation between the buyers and sellers is maintained if the buyers are satisfied with what they saw in advertise and what they got after buying that product. Many factors play a role in economic development, including the economic growth of the region's businesses. By encouraging more buying, advertising promotes both job growth and productivity growth both to help meet increased demand and to enable each consumer to have more to spend. Advertising stimulates demand, educate consumer about new product, policies, programmes services and organizations, increase competition and improve standard of life-style by helping to bring new product to the consumer. It has also become a necessity for attaining the object of social welfare. Social role of Advertising: There are some positive and some negative aspects of advertising on the social ground. Advertising performs an economic function for an advertiser, affect economic decision of the audience and is an integral part of the whole economic system. Value of Advertising, an independent study by Deloitte, has identified a multitude of benefits generated by advertising, to the overall economy, jobs and to civil society. ADVERTISEMENTS: As a result of it, marketing is considered to be the most important activity in a […] Advertising helps stimulate economic growth. The first-ever EU-wide report to isolate the economic and social contribution of advertising highlights its ability to drive economic growth across the EU. As an integral function of business, marketing is also key part of economic development. Marketing has acquired an important place for the economic development of the whole country. ADVERTISEMENTS: Importance of Marketing for the Economic Development of a Country! Advertising matches buyers and sellers more efficiently; Advertising accelerates the growth of new businesses and ideas; Higher levels of advertising spend increase GDP; On average, £1 of advertising spend generates £6 for the UK economy.

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