Advertising is a social waste. How?
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On one hand, it is considered a social waste as it adds to the cost of production, weakens social values and adds to consumer needs and desires. ... Higher Cost: Expenses on advertisement add to the cost of the product, the firm, and then in turn, is passed on as additional cost to consumers in the form of higher prices.
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Through advertisements, the society is informed of various products, their uses, best bargains, safe handling of dangerous goods, effective use of scarce resources like petroleum and electricity, technological advances, etc. But for advertising, the society would have remained a less informed one.
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