I have heard that advertising mainly shifts consumers from one brand to another. In that sense it is wasteful and an economist could give an argument for taxing it. I happen to like the subsidy of media by advertisements, so I wouldn’t advocate it.
I have heard that advertising mainly shifts consumers from one brand to another. In that sense it is wasteful and an economist could give an argument for taxing it. I happen to like the subsidy of media by advertisements, so I wouldn’t advocate it.