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Because in 1920 one ad reached less people and required more effort to produce and competition now is fierce so prices had to drop?

The stats you show does not have all that much to do with ease of convincing someone and could be explained by millions other ways.




so you think the market is wrong about the value of advertising? if you have tried online advertising perhaps you know how terribly inefficient it can be.


Low price means a lot of competitors and cheap to be made. High price means expensive to make or scarcity.

Market is right, but price has little to do with how easy it is to convince people. Mineral watter is cheap and it is not because it is not valuable. It is because there is ton of it and if you sell it expensively, I will buy cheaper one.


this isn't about the price of ads however, but about the total amount spent on advertising compared to gdp




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