According to the _____,in an economy that produces more goods and services than can be consumed,advertising keeps consumers informed of their alternatives and allows companies to compete more effectively for consumer dollars.

Question

Quizplus · Accepted Answer

To the economy as a whole, the importance of advertising may best be demonstrated by the abundance principle. It states that in an economy that produces more goods and services than can be consumed, advertising serves two important purposes: It keeps consumers informed of their alternatives (complete information), and it allows companies to compete more effectively for consumer dollars (self-interest).

According to the _____,In an Economy That Produces More Goods