Network Marketing Business Helps Economy

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Network Marketing facilitate for an important role in every country’s economic growth in this competitive 21st century. This industry is often termed as Multi Level Marketing, or Word of mouth Advertising. This Business ensures the planned economic growth in the developing economy where the scarcity of goods, services, ideas and excessive unemployment, thereby marketing efforts are needed for mobilization of economic resources for additional production of ideas, goods and services resulting in greater employment. Let us analyze how the network marketing helps our economy to grow very fast.

Network Marketing stimulates the aggregate demand thereby enlarges the size of market.

With the rapid growing marketing business, technology is playing a more important role in the demands of analyzing and utilizing the large scale information gathered from customers. To predict the consequent business strategy by using technology, it is required to evaluate the customer performance, discover the trends or patterns in customer behavior. For this purpose the in modern world using the technology at a maximum level by e-commerce, internet marketing and services etc.

Even though in several developing countries, Government involves in marketing efforts in order to provide equitable distribution at minimum social costs by setting ceiling and floor prices of foods grains and industrial raw materials, setting maximum whole sale and retail prices of scarce consumer products etc. which ensures the smooth flow of essential goods and even influencing the decisions pertaining to distribution and advertising. Even though the economic recession affects the market at a larger extent, it plays major role in economic growth. The end result will be the maximization of growth of the economy in order to provide higher standard of living for all and the development of a economic levels of the people that fosters entrepreneurship