I think of advertisement as the commercials seen on TV that promote a certain product, service, or idea regardless of profitability. Advertisement is more of a way to influence the audience to purchase or use the product, service, or idea rather than the steps to actually transfer the goods. As defined on dictionary.com, "the act or practice of calling public attention to one's product, service, need, etc., esp. by paid announcements in newspapers and magazines, over radio or television, on billboards, etc." An example would be any of the commercials seen on TV.
I think of propaganda as some form of slander essentially. The adds political campaigns use to bash their opponents is considered propaganda, leaving information out of the actual commercial to deliberately put down their opponent. Commercials could use this to their advantage in order to persuade consumers to buy their product while leaving out vital information that would make it seem off putting, such as side effects or quality of the actual product. Taken from dictionary.com, "information, ideas, or rumors deliberately spread widely to help or harm a person, group, movement, institution, nation, etc."
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