flier vs advertizement

flier and advertizement both are nouns.

Word	Noun	Adjective	Verb	Adverb
flier	Yes	No	No	No
advertizement	Yes	No	No	No

As nouns, advertizement is a hypernym of flier; that is, advertizement is a word with a broader meaning than flier:

flier: an advertisement (usually printed on a page or in a leaflet) intended for wide distribution
advertizement: a public promotion of some product or service

Other hypernyms of flier include ad, advert, advertisement, advertising, advertizing.

flier (noun)	advertizement (noun)
an advertisement (usually printed on a page or in a leaflet) intended for wide distribution	a public promotion of some product or service
someone who travels by air
someone who operates an aircraft