Markets Economists study trade, production and consumption decisions, such as those that occur in a traditional marketplace. Electronic trading brings together buyers and sellers through an electronic trading platform and network to create virtual market places. Microeconomics examines how entities, forming a market structureinteract within a market to create a market system.
Hyper-commercialism[ edit ] As advertising has become prevalent in modern society, it is increasingly being criticized. Advertising occupies public space and more and more invades the private sphere of people.
According to Georg Franck, "It is becoming harder to escape from advertising and the media. Public space is increasingly turning into a gigantic billboard for products of all kind. The aesthetical and political consequences cannot yet be foreseen.
There are ads on beach sand and restroom walls. With the introduction of the shorter second-spot the total amount of ads increased even more. Ads are not only placed in breaks but also into sports telecasts during the game itself. They flood the Internet, a growing market. Other growing markets are product placements in entertainment programming and movies where it has become standard practice and virtual advertising where products get placed retroactively into rerun shows.
Product billboards are virtually inserted into Major League Baseball broadcasts and in the same manner, virtual street banners or logos are projected on an entry canopy or sidewalks, for example during the arrival of celebrities at the Grammy Awards.
Advertising precedes the showing of films at cinemas including lavish 'film shorts' produced by companies such as Microsoft or DaimlerChrysler. Opponents equate the growing amount of advertising with a " tidal wave " and restrictions with "damming" the flood. Kalle Lasnone of the most outspoken critics of advertising, considers advertising "the most prevalent and toxic of the mental pollutants.
From the moment your radio alarm sounds in the morning to the wee hours of late-night TV microjolts of commercial pollution flood into your brain at the rate of around 3, marketing messages per day.
Every day an estimated 12 billion display ads, 3 million radio commercials and more thantelevision commercials are dumped into North America's collective unconscious". Special commercial patient channels in hospitals and public figures sporting temporary tattoos.
A method unrecognisable as advertising is so-called guerrilla marketing which is spreading 'buzz' about a new product in target audiences. Whole subway stations in Berlin are redesigned into product halls and exclusively leased to a company.
Swatch used beamers to project messages on the Berlin TV-tower and Victory column, which was fined because it was done without a permit. The illegality was part of the scheme and added promotion. Various legal restrictions concerning spamming, advertising on mobile phones, when addressing children, tobacco, alcohol have been introduced by the US, the EU and other countries.
McChesney argues, that the government deserves constant vigilance when it comes to such regulations, but that it is certainly not "the only antidemocratic force in our society. Corporations and the wealthy enjoy a power every bit as immense as that enjoyed by the lords and royalty of feudal times" and "markets are not value-free or neutral; they not only tend to work to the advantage of those with the most money, but they also by their very nature emphasize profit over all else.
Hence, today the debate is over whether advertising or food labelling, or campaign contributions are speech Franck blends the "Economy of Attention" with Christopher Lasch's culture of narcissism into the mental capitalism: Inbillion US dollars  were spent worldwide for advertising.
InTV accounted for Advertising is considered to raise consumption. Attention and attentiveness have become a new commodity for which a market developed. The total amount circulating in society is made up of the attention exchanged among the people themselves and the attention given to media information.Sandra Ndachengedzwa and Elena Stecca.
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