Economic effects of advertising

Authors

  • Miguel R. Mendoza Henríquez Universidad de Chile
  • Juan P. Muñoz C. Universidad de Chile

Abstract

This paper analyzes the role of advertising within the social system. The first part discusses the social consequences in terms of consumer manipulation values, beliefs and life style of consumers. An analysis is performed of the economic effects of advertising, by testing the hypothesis that advertising has positive effects on economic decisions made by companies and consumers.

Keywords:

Advertising, Social system, Consumer beliefs, Consumer Lifestyle, Consumer manipulation