concerns the production, distribution, and consumption of goods and services.
implications of psychological research for the economy
concerned with how the knowledge and understanding gained from psychological research (theories and studies) may contribute towards our economic prosperity.
mental health
if more effectivetreatments can be developed for psychological health problems then this means that people will be able to return to work and this reduces the burden on the employers, NHS and taxpayer.
social influence
if effective ways of influencing people to change their behaviours can be found, then people can be prevented from drinking and smoking, reducing their risk of ill health and thus death such that they are more likely to be able to work, allowing them to contribute to the economicprosperity of the country.
criminal psychology
Better eyewitnesstestimony and cognitiveinterviews lead to a more efficient justice system
childhood development
understanding attachment allows us to create and apply interventions to children at risk of insecureattachment so that they can develop into productive adults.
