psychology and the economy

    Cards (3)

    • psychological theories are applied by governments and companies to improve how the economy functions including- a psychologically healthy and well-educated population can be more productive, producing higher quality goods and services,
    • Another way how psychological research can affect the economy is through a psychological understanding and manipulation of desire eg effective advertising, increasing demand
    • maternal deprivation - adoption, Harlow (rhesus monkeys), Rutter (romanian orphans), Bowlby, (critical period), demonstrate intellectual, emotional and phyiscal development can be negatively affected by deprivation early in a child's life
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