Advertising
Advertising Industry (digital) in US worth about $62 billion. Global it is worth around $542 billion (1/2 trillion) Hence the $-sign in M$M, eh? Such is fairly huge steroid for spreading memes.
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I got interested in the meaning of VALUE & its role in the economy as a primary driver of economic resonance & the dynamic equilibrium of consumers provided goods & services a couple of days ago.

I got interested in the meaning of VALUE & its role in the economy as a primary driver of economic resonance & the dynamic equilibrium of consumers provided goods & services a couple of days ago.

Tags
- advertising
- economic resonance
- dynbamic equilibrium
Comments
Mark de LA says
A study of VALUE in relationship to advertizing yields some of the following:
- advertizing inflates value
- advertizing informs potential customers of both true & false info on products
- advertizing informs customers of new products & value changes in old products that customers may not know about
- some say word of mouth advertizing is the most credible - of course that was before twitter
- Since I learned of the VALS survey from Tony Robbins in the late '80s collecting data on customers & consumers has skyrocketed due to the Internet.
- Carried to extreme, some people detect who you are when you enter a store from your smart phone & tailor specials to your phone given what they know about you & your habits
- Given the social media such is exploding in the area of politics creating value & memes which contain little truth
Mark de LA says
- advertizing adds to the cost of goods & services both for the consumer & the provider.
- the same goes for the cost of governments.
Mark de LA says
A heads up for some: (others not so much)
There is a disturbing trend in advertizing to force the ads upon people or make them hard to bypass. Maybe a perfect semantic search would do something to advertizing industry. OTOH advertizing creates needs & wants which don't pre-exist!
(via G+)
There is a disturbing trend in advertizing to force the ads upon people or make them hard to bypass. Maybe a perfect semantic search would do something to advertizing industry. OTOH advertizing creates needs & wants which don't pre-exist!

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