Choose given statement is true/false:

Old advertisements are important because they help us to understand how markets were created for new products.

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Detailed Solution

The above statement is True.
Old advertisements are significant because they provide insight into how markets were developed for new products. In the middle of the 19th century, advertisements emerged as a significant force in capitalist economies, relying mostly on newspapers and magazines. With the advent of new media, including direct mail, radio, television, the internet, and mobile devices, advertising grew quickly in the 20th century. Old advertisements are important because they provide insight into how marketplaces were developed for new goods at the time and how new products were made popular. Old advertisements are the best source to discover what the people back then used and what kinds of products they produced.

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