Advantage of advertising
1. Stimulate Production:
Advertising has positive impact on demand. Demand for products can be increased. Naturally, an increased demand stimulates production. More production means more prosperity.
2. Stimulate National Income:
Advertising can contribute to national income by generating more consumptions, demand, and production.
3. Employment Opportunities:
It can ease unemployment problems by generating more employment opportunities.
4. Commercialization of Inventions:
Advertising is useful to commercialize or materialize new useful inventions. New inventions benefit the society.
5. Public Acceptance:
Advertising prepares people to accept and use new and standard products.
Disadvantage: Arguments against Advertising
1. High Price to Consumers:
Advertising increases costs of product. Customers have to pay high price for the products heavily advertised. Companies do not forgo their profits. Thus, businessmen can earn more at a cost of customers.
2. Wastage of National Resources:
Due to excessive use or proliferation of advertising, valuable national resources are wasted. In many cases, companies undertake rigorous advertising efforts without specific needs.
3. Impulsive Buying:
It creates unnecessary needs. People are emotionally forced to buy the products. Sometimes, it instigates people to buy unnecessary products.
4. Materialist Implications:
It promotes materialism. It makes people mad after things, whether useful or not.
5. Fraud to Customers:
It has misleading/deceptive implications. Most claims are exaggerated. Advertising has a little truth and a lot false.