Economy

Question 1

What effect does psychology have on the economy ?

Answer 1

• The implications that research has refers to how what we learn from psychological research influences our country’s economic prosperity. -
• The economy is the state of the region’s activities of producing or consuming goods & services.
• Absence from work costs the economy an estimate of 15 billion pounds a year and this absence is mainly due to mental
  illness e.g. stress, anxiety.
• For such problems, psychology research has been able to present
  solutions to them and this expresses why psychology research is important for the economy.

Question 2

Examples of this in psychology

Answer 2

• Treatments like CBT , drug therapy for OCD allows workers to be able to go back to work.
• Role of father - Fathers can take on the role of primary caregiver can allow mothers to return to work.
• Flexible working arrangments within families, which can maximise their income and effectively contribute to society.
• Memory research - EWT less people in jail can improve economy