Psychology and the Economy

• economy


  the production, distribution and consumption of goods and services
• psychological research having implications on the economy


  findings from psychological research can influence, benefit or devalue economic prosperity
• 3 examples of psychological research which have had implications for the economy


  -research on attachment

  -research on psychopathological disorders

  -research on social influences and social change
• how research on attachment has had implications for the economy


  the idea of children forming multiple attachments- both parents can provide emotional support for child and so promotes more flexible working arrangements within the family= maximise income and contribute more effectively to economy
• how research on psychopathology has had implications for the economy


  absence from work due to mental disorders costs the economy billions of pounds a year. treatment for disorders allow sufferers to manage their condition and return to work
• how research into social influences and social change has had implications for the economy


  social influence research tells us how behaviour and attitudes can be changed through minority influence- can use this to implement changes within the economy