This story was originally published on HackerNoon at:
https://hackernoon.com/does-the-advertising-industry-give-any-value-back-to-the-people.
Considering that 1/5 of the country's GDP is attributable to advertising, do you think it is worth the cost of not advertising? For me, the answer is obvious.
Check more stories related to tech-stories at:
https://hackernoon.com/c/tech-stories.
You can also check exclusive content about
#programmatic-digital-ads,
#ads,
#programmatic-ads,
#advertising,
#advertisement-platforms,
#business,
#digital-advertising,
#digital-marketing, and more.
This story was written by:
@agranovskiy. Learn more about this writer by checking
@agranovskiy's about page,
and for more stories, please visit
hackernoon.com.
Internet advertising contributes, on average, 1.5% or more (depending on the country) to the global economy, which amounts to hundreds of billions of dollars per year. Meanwhile, in 2020, in the US, 19.4% (or $7.1 trillion) of sales activity was driven by advertising, including both directly stimulated sales and stimulated sales activity. Advertising activity supported $3.9 trillion (or 18.5%) of the $20.9 trillion US GDP in 2020.
Considering that 1/5 of the country's GDP is attributable to advertising, do you think it is worth the cost of not advertising? For me, the answer is obvious.