Going through some more microeconomics stuff talking about advertising and it's just all so off. They're talking about how a company that's willing to spend a lot of money on advertising means that it's a quality product. But my thought is that if the product was actually of very high quality they wouldn't NEED to advertise so much because if it's good and people like it word of mouth would do a lot more than an ad would.
Also it mentions how ads are supposed to convey information to consumers to help them make well informed decisions on what to buy, but almost no ads out there talk about price or things like that. The only time it mentions ingredients is if it's "natural" stuff, but then they leave out all the other ingredients that aren't "natural" (although my view on the whole "natural" thing is that it's just nonsense, I mean cyanide is natural, soooo...). But yeah the whole thing is just ridiculous. This whole course is just a lot of bullshit, which I think is part of why it's been so tough for me to grasp. The economy DOES NOT function the way this university course says it does. It all makes very little sense. I really hope I don't flunk my exams and end up having to take this stupid course over again.
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