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Advertising and Development:
Advertising is an expression and part of an economic system. Each economic system has an interesting relationship with the social system, political system and cultural value. Whatever be the character of the economic system, there are three basic features which are common to all:
a) determination of goods and services and the quantities to be produced or offered;
b) allocation of resources according to priorities of production-mainly land, labor and capital; and
c) distribution of goods and services among individuals and groups. We are not concerned here about the relative importance of state intervention and market determination of these three processes.
Advertising can also be split into two main types:
• Persuasive advertising - this tries to entice the customer to buy the product by informing them of the product benefit
• Informative advertising - this gives the customer information. Mostly done by the government (e.g. health campaigns, new welfare benefits).
Advertising is an expression and part of an economic system. Each economic system has an interesting relationship with the social system, political system and cultural value. Whatever be the character of the economic system, there are three basic features which are common to all:
a) determination of goods and services and the quantities to be produced or offered;
b) allocation of resources according to priorities of production-mainly land, labor and capital; and
c) distribution of goods and services among individuals and groups. We are not concerned here about the relative importance of state intervention and market determination of these three processes.
Advertising can also be split into two main types:
• Persuasive advertising - this tries to entice the customer to buy the product by informing them of the product benefit
• Informative advertising - this gives the customer information. Mostly done by the government (e.g. health campaigns, new welfare benefits).
Advantages of advertising in "Business City"
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"Business City newspaper" has a multiple payment methods like Cash, check & Online Bank Transfer. All the Enquiries will be solved in person at your place before payment. Immediate assistance on your calls and we will also help you to give ideas to reach peoples using new advertising techniques.
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