In the simplest terms, a placebo effect is used to term any medication that has “fake benefits“. This means that although you consume medicine and it won‘t do any harm to your body, it doesn‘t cure the problem either. Since the mind is tricked into thinking that the medication is healing it, the chemicals in the body aid in the healing. A lot of doctors believe that the body can heal itself, which is right in many cases. Since homeopathy is created by using formulas that are extremely diluted and the end result might just have minute traces of the original, it’s also termed a placebo. The arguments to this are several, and while some believe it does have medicinal value, others brush it aside, saying it‘s a hoax.