Money spent on advertisement is a waste'. Do you agree with this statement? Give reasons for your answer.

Explanation

The statement that advertisement is unnecessary and wasteful is only partially correct.Advertisement has got advantages and disadvantages both:
Advantages of advertising:
`i)` Advertising encourages autonomy of mass media.
`ii)` Advertising provides useful information.
`iii)` Advertising generates employment.
Disadvantages of advertisement
`i)` Advertising causes undesirable social effects.
`ii)` Advertising leads to monopoly.
`iii)` Advertising leads to higher prices.