Google AdSense previously was based on the idea that the ads displayed on a web site would be related to the topic of the page. This made sense: if you are looking at a web page about a rail journey in Australia, you may be interested in products and services related to rail travel in Australia.
With the ad preferences, Google will attempt to track what people are interested in and show ads for that. This the approach used by Amazon.com and others. The results can be a bit jarring, with ads completely unrelated to the topic of the web page they are on. Also there is the issue of privacy. Google have addressed these issues to some extent, by allowing people to set the topic they would like ads about, or to opt out of the personally targeted ads. However, with logic worthty of "Catch 22" it appears that Google will still attempt to set a Cookie on the web browser of the user's computer, so as to indicate that the user doesn't want personal information recorded.
I was going to paste here a list of the categories I selected for ads. But I ended up with the entire list of categories. This would therefore seem to reflect Google's view as to what products are of interest to the world:
* Animals
o Pets
+ Pet Food & Supplies
+ Exotic Pets
o Veterinarians
o Wildlife
* Arts & Humanities
o Books & Literature
+ Book Retailers
+ E-Books
+ Fan Fiction
+ Poetry
o Humanities
+ History
+ Myth & Folklore
o Theater & Performing Arts
o Visual Arts
* Automotive
o Auto Financing
o Auto Insurance
o Auto Parts
+ Vehicle Tires
o Car Shows
o Car Stereo
o Custom & Performance Vehicles
o Hybrid & Alternative Vehicles
o Motorcycles
o Off-Road & Recreational Vehicles
o Trucks & SUVs
o Vehicle Brands
+ Acura
+ Audi
+ BMW
+ Cadillac
+ Chevrolet
+ Chrysler
+ Citroen
+ Dodge
+ Fiat
+ Ford
+ GMC
+ Honda
+ Hyundai
+ Jeep
+ Kia
+ Lexus
+ Lincoln
+ Mazda
+ Mercedes-Benz
+ Mercury
+ Mitsubishi
+ Nissan
+ Peugeot
+ Pontiac
+ Porsche
+ Renault
+ Saturn
+ Subaru
+ Toyota
+ Volkswagen
+ Volvo
o Vehicle Licensing & Registration
o Vehicle Maintenance
o Vehicle Shopping
* Beauty & Personal Care
o Beauty Magazines
o Body Art
o Cosmetic Surgery
o Cosmetology & Beauty Professionals
o Face & Body Care
+ Cosmetics
+ Fragrances
+ Hair Removal
+ Hygiene & Toiletries
+ Skin & Nail Care
o Fitness
+ Bodybuilding
+ Yoga & Pilates
o Hair Care & Products
+ Hair Loss
o Spas & Beauty Services
+ Massage Therapy
o Weight Loss
* Business
o Advertising & Marketing
+ Marketing Services
+ Public Relations
+ Telemarketing
o Business Plans & Presentations
o Business Schools & Training
o Business Services & Consulting
+ Fire & Security Services
+ Knowledge Management
+ Outsourcing
+ Physical Asset Management
+ Quality Control & Tracking
o Corporate Events
+ Trade Shows & Conventions
o E-Commerce
+ Merchant Services & Payment Systems
o Human Resources
+ Compensation & Benefits
+ Corporate Training
+ Payroll Services
+ Recruitment & Staffing
o Management & Corporate Operations
+ Business Process
+ Strategic Planning
+ Supply Chain Management
o Office & Printing Services
+ Office & Facilities Management
+ Office Furniture
+ Office Supplies
+ Printing Services
+ Writing & Editing Services
o Small Business
+ Home Office
+ MLM & Business Opportunities
* Computers & Electronics
o Computer Security
+ Antivirus & Malware
+ Hacking & Cracking
+ Network Security
o Consumer Electronics
+ Audio Equipment
# MP3 Players
# Home Stereo
+ Home Video
# Video Players & Recorders
# Televisions
+ Personal Electronics
# Handhelds & PDAs
o Electronics & Electrical
+ Electromechanical Devices
+ Electronic Components
+ Optoelectronics & Fiber
+ Power Supplies
+ Test & Measurement
o Enterprise Technology
+ CRM
+ Data Management
+ ERP
o Hardware
+ Desktops
+ Hardware Components
# Chips & Processors
# Memory
# Sound & Video Cards
+ Laptops
+ Mods & Customization
+ Peripherals
# Input Devices
# Monitors
# Printers
# Scanners
+ Servers
+ Storage
# Network Storage
o Networking
+ Data Formats & Protocols
+ Network Monitoring & Management
+ Networking Equipment
o Programming
+ C & C++
+ Developer Jobs
+ Development Tools
+ Java
+ Scripting Languages
+ Windows & .NET
o Software
+ Audio & Multimedia
+ Business & Productivity
+ Device Drivers
+ Educational Software
+ Graphics & Publishing
# Fonts
+ Internet Software
# Internet Clients & Browsers
# Content Management
+ Open Source
+ Operating Systems
# Linux & Unix
# Mac
# Windows
+ Software Utilities
o Tech Support
* Entertainment
o Celebrities
o Clubs & Nightlife
o Comics & Animation
+ Anime & Manga
+ Cartoons
+ Comics
o Dancing
o Entertainment Industry
o Fashion & Modeling
o Fun & Trivia
o Movies
+ Bollywood & Lollywood
+ Horror Films
+ Movie Memorabilia
+ Movie Rentals & Sales
+ Science Fiction & Fantasy Films
o Multimedia Content
+ Flash Content
+ Podcasting
+ Video Clips & Movie Downloads
o Music
+ Alternative-Punk-Metal
+ Classical
+ Country & Folk
+ Dance & Electronica
+ Jazz & R&B
+ Latin
+ Lyrics & Tabs
+ Music Art & Memorabilia
+ Music Retailers
+ Music Streams & Downloads
+ Musical Instruments
+ Rock & Pop
+ Urban & Hip-Hop
+ Vocals & Show Tunes
+ World Music
o Radio
o TV
+ TV Programs
# Soap Operas
+ TV Networks
* Finance & Insurance
o Accounting & Tax
o Credit & Lending
+ Credit Cards
+ Debt Management
+ Student Lending
o Currencies & Foreign Exchange
o Insurance
+ Risk Management
o Investing
o Retirement & Pension
* Food & Drink
o Cooking & Recipes
o Cookware
o Culinary Training
o Food Retailers
o Nonalcoholic Beverages
o Restaurants
+ Restaurant Supply
* Games
o Video Games
+ Online Games
+ Cheats & Hints
* Home & Garden
o Domestic Services
o Gardening
o Home Appliances
o Home Furnishings
+ Lighting
o Home Improvement
o Homemaking & Interior Decor
o Pest Control
* Industries
o Aerospace & Defense
+ Space Technology
+ Defense Industry
o Agriculture & Forestry
+ Agricultural Equipment
+ Aquaculture
+ Crops & Seed
+ Food Production
+ Forestry
+ Horticulture
+ Livestock
o Chemicals
+ Agrochemicals
+ Cleaning Agents
+ Coatings & Adhesives
+ Dyes & Pigments
+ Plastics & Polymers
o Construction & Maintenance
+ Building Materials
# Doors & Windows
# Heating Ventilation & Air Conditioning
# Nails Screws & Fasteners
# Plumbing Fixtures & Equipment
# Wood & Plastics
* Flooring
+ Civil Engineering
+ Construction Contractors
+ Property Development
+ Urban & Regional Planning
o Design
+ Architecture
+ Graphic Design & Publishing
+ Industrial & Product Design
+ Interior Design
o Energy & Utilities
+ Alternative Energy
+ Electricity
+ Oil & Gas
+ Waste Management
o Engineering Technology
o Industrial Materials & Equipment
+ Generators
+ Heavy Machinery
+ Valves Hoses & Fittings
o Manufacturing
+ Factory Automation
o Metals & Mining
o Pharmaceutical & Biotech
o Retail Trade
+ Retail Equipment & Technology
o Textiles & Paper
o Transportation & Logistics
+ Aviation
+ Couriers & Messengers
+ Distribution & Logistics
+ Freight & Trucking
+ Import & Export
+ Maritime Transport
+ Moving & Relocation
+ Packaging
+ Rail Transport
+ Urban Transport
* Internet
o File Sharing & Hosting
o Online Goodies
+ MySpace Codes & Graphics
+ Skins Themes & Screensavers
o Search Engine Optimization & Marketing
o Web Design & Development
o Web Hosting & Domain Registration
o Web Portals
o Web Services
+ Affiliate Programs
+ Email & Messaging
+ Search Engines
+ Web Stats & Analytics
* Lifestyles
o Activism & Social Issues
+ Environmental Issues
o Charitable & Non-profits
o Clubs & Organizations
o Holidays & Seasonal Events
o Parenting & Family
+ Baby Care
+ Child Care
+ Genealogy
+ Youth Camps
o Self-Help & Motivational
o Weddings
* Local
o Classifieds
o Event Listings
o Jobs
o Regional Content
+ Africa
+ Caribbean
+ Central & Eastern Europe
# Greece
+ Central & South Asia
# Afghanistan
# India
# Iran
# Pakistan
+ East Asia
# China
# Japan
# Korea
+ Mexico & Central America
# Mexico
# Costa Rica
+ Middle East
# Egypt
# Iraq
# Israel
# Lebanon
# Turkey
# United Arab Emirates
+ Oceania
# Australia
# New Zealand
# Pacific Islands
+ Polar Regions
+ Russia & Caucasus
+ South America
# Argentina
# Brazil
# Peru
+ Southeast Asia
# Indonesia
# Malaysia
# Philippines
# Singapore
# Thailand
# Vietnam
+ US & Canada
# USA
# Canada
+ Western Europe
# France
# Germany
# Ireland
# Italy
# Netherlands
# Portugal
# Spain
# Sweden
# United Kingdom
o Traffic & Public Transit
o Weather
* News & Current Events
o Business News
o Gossip & Tabloids
o Local News
o Magazines
o News Networks
o Newspapers
o Politics
+ Elections & Campaigns
o Technology News
* Photo & Video
o Photo & Video Equipment
+ Cameras & Camcorders
# Cameras
# Camcorders
o Photo & Video Sharing
o Photo & Video Software
o Professional Photo & Video Services
o Stock Photography
o Webcams & Virtual Tours
* Real Estate
o Home Financing
o Home Inspections & Appraisal
o Home Insurance
o Property Management
o Real Estate Agencies
o Rental Listings & Referrals
* Recreation
o Boating
o Cycling
o Equestrian
o Hobbies
+ Crafts
+ Paintball
+ Radio Control & Modeling
o Outdoors
+ Fishing
+ Hiking & Camping
+ Hunting & Shooting
o Running
o Surf & Swim
* Reference
o Biographies & Quotations
o Business & Personal Listings
o Calculators & Reference Tools
o Dictionaries & Encyclopedias
o Educational Resources
o Forms Guides & Templates
o How-To & Expert Content
o Language Study & Translation
o Libraries & Museums
o Maps & Geography
o Online Directories
o Time & Calendars
* Science
o Astronomy
o Biological Sciences
+ Anatomy
o Chemistry
o Ecology
o Geology
o Marine Science
o Mathematics
o Physics
o Scientific Equipment
o Scientific Institutions
* Shopping
o Antiques & Collectibles
o Apparel
+ Clothing Labels & Designers
+ Clothing Retailers
+ Footwear
+ Lingerie & Undergarments
+ T-Shirts
+ Watches & Accessories
o Auctions
o Consumer Affairs & Product Reviews
+ Consumer Affairs
+ Price Comparisons
+ Product Reviews
o Coupons & Rebates
o Customer Services
+ Warranties & Service Contracts
o Flowers Gifts & Greetings
+ Cards & Greetings
+ Flowers
+ Gifts
+ Parties & Occasions
o Luxury Goods
+ Gems & Jewelry
o Mass Merchants & Department Stores
o Shopping Portals & Search Engines
o Ticket Sales
* Social Networks & Online Communities
o Blogging Resources & Services
o Dating & Relationships
+ Matrimonial Services
+ Personals
+ Photo Rating Sites
o Forum & Chat Providers
o Online Journals & Personal Sites
o Social Networks
* Society
o Education
+ Colleges & Universities
+ Distance Learning
+ Homeschooling
+ K-12
+ Lesson Plans & Teaching Resources
+ Test Preparation
+ Vocational & Continuing Education
o Government & Regulatory Bodies
+ Royalty
+ Visa & Immigration
o Legal
+ Accident & Personal Injury Law
+ Criminal Law
+ Family Law
+ Intellectual Property
+ Labor & Employment Law
+ Law Schools & Training
o Military
+ Veterans
o Public Safety
+ Crime & Justice
+ Emergency Services
+ Law Enforcement
+ Security Products & Services
o Social Science
+ Demographics
+ Economics
+ International Relations
+ Psychology
o Social Services
+ Welfare & Unemployment
* Sports
o Baseball
o Basketball
o Cheerleading
o Combat Sports
+ Boxing
+ Martial Arts
+ Wrestling
o Cricket
o Extreme Sports
o Football
o Golf
o Gymnastics
o Hockey
o Horse & Dog Racing
o Motor Sports
o Olympics & International Competitions
o Racquet Sports
o Rugby
o Soccer
o Sporting Goods
o Sports Magazines
o Track & Field
o Volleyball
o Water Sports
o Winter Sports
* Telecommunications
o Communications Equipment
o Location & Tracking (GIS-GPS)
o Mobile & Wireless
+ Mobile & Wireless Retailers
+ Mobile Phones
+ Ringtones & Mobile Goodies
o Service Providers
+ Cable & Satellite Providers
+ ISPs
+ Phone Service Providers
# Calling Cards
o Teleconferencing
o VOIP & Internet Telephony
* Travel
o Adventure Travel
o Air Travel
o Attractions & Activities
o Bus & Rail
o Car Rental & Taxi Services
o Cruises & Charters
o Hotels & Accommodations
o Vacation Destinations
+ Australia
+ Caribbean Islands
+ Hawaii
+ Hong Kong
+ Las Vegas
+ Mexico
+ New York City
+ Orlando
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