Isaeva Svetlana

An economy (from Ancient Greek οἰκονομία (oikonomía) 'management of a household, administration'; from οἶκος (oîkos) 'household', and νέμω (némō) 'distribute, allocate') is an area of the production, distribution and trade, as well as consumption of goods and services by different agents. In general, it is defined 'as a social domain that emphasize the practices, discourses, and material expressions associated with the production, use, and management of scarce resources'. A given economy is a set of processes that involves its culture, values, education, technological evolution, history, social organization, political structure and legal systems, as well as its geography, natural resource endowment, and ecology, as main factors. These factors give context, content, and set the conditions and parameters in which an economy functions. In other words, the economic domain is a social domain of interrelated human practices and transactions that does not stand alone.

Economic agents can be individuals, businesses, organizations, or governments. Economic transactions occur when two groups or parties agree to the value or price of the transacted good or service, commonly expressed in a certain currency. However, monetary transactions only account for a small part of the economic domain.

Economic activity is spurred by production which uses natural resources, labor and capital. It has changed over time due to technology, innovation (new products, services, processes, expanding markets, diversification of markets, niche markets, increases revenue functions) such as, that which produces intellectual property and changes in industrial relations (most notably child labor being replaced in some parts of the world with universal access to education).

A market-based economy is one where goods and services are produced and exchanged according to demand and supply between participants (economic agents) by barter or a medium of exchange with a credit or debit value accepted within the network, such as a unit of currency. A command-based economy is one where political agents directly control what is produced and how it is sold and distributed. A green economy is low-carbon, resource efficient and socially inclusive. In a green economy, growth in income and employment is driven by public and private investments that reduce carbon emissions and pollution, enhance energy and resource efficiency, and prevent the loss of biodiversity and ecosystem services. A gig economy is one in which short-term jobs are assigned or chosen via online platforms. New economy is a term that referred to the whole emerging ecosystem where new standards and practices were introduced, usually as a result of technological innovations. The global economy refers to humanity's economic system or systems overall.

Today the range of fields of study examining the economy revolves around the social science of economics, but may include sociology (economic sociology), history (economic history), anthropology (economic anthropology), and geography (economic geography). Practical fields directly related to the human activities involving production, distribution, exchange, and consumption of goods and services as a whole are engineering, management, business administration, applied science, and finance.

All professions, occupations, economic agents or economic activities, contribute to the economy. Consumption, saving, and investment are variable components in the economy that determine macroeconomic equilibrium. There are three main sectors of economic activity: primary, secondary, and tertiary.

Due to the growing importance of the financial sector in modern times, the term real economy is used by analysts as well as politicians to denote the part of the economy that is concerned with the actual production of goods and services, as ostensibly contrasted with the paper economy, or the financial side of the economy, which is concerned with buying and selling on the financial markets. Alternate and long-standing terminology distinguishes measures of an economy expressed in real values (adjusted for inflation), such as real GDP, or in nominal values (unadjusted for inflation).

The English words "economy" and "economics" can be traced back to the Greek word οἰκονόμος (i.e. "household management"), a composite word derived from οἶκος ("house;household;home") and νέμω ("manage; distribute;to deal out;dispense") by way of οἰκονομία ("household management").

The first recorded sense of the word "economy" is in the phrase "the management of œconomic affairs", found in a work possibly composed in a monastery in 1440.[citation needed] "Economy" is later recorded in more general senses, including "thrift" and "administration".

The most frequently used current sense, denoting "the economic system of a country or an area", seems not to have developed until the 1650s.

Cognitive psychology is the scientific study of mental processes such as attention, language use, memory, perception, problem solving, creativity, and reasoning.

Cognitive psychology originated in the 1960s in a break from behaviorism, which had held from the 1920s to 1950s that unobservable mental processes were outside of the realm of empirical science. This break came as researchers in linguistics and cybernetics as well as applied psychology used models of mental processing to explain human behavior.

Much of the work derived from cognitive psychology has been integrated into other branches of psychology and various other modern disciplines such as cognitive science, linguistics, and economics. The domain of cognitive psychology overlaps with that of cognitive science, which takes a more interdisciplinary approach and includes studies of non-human subjects and artificial intelligence.

Philosophically, ruminations of the human mind and its processes have been around since the times of the ancient Greeks. In 387 BCE, Plato is known to have suggested that the brain was the seat of the mental processes. In 1637, René Descartes posited that humans are born with innate ideas, and forwarded the idea of mind-body dualism, which would come to be known as substance dualism (essentially the idea that the mind and the body are two separate substances). From that time, major debates ensued through the 19th century regarding whether human thought was solely experiential (empiricism), or included innate knowledge (rationalism). Some of those involved in this debate included George Berkeley and John Locke on the side of empiricism, and Immanuel Kant on the side of nativism.

With the philosophical debate continuing, the mid to late 19th century was a critical time in the development of psychology as a scientific discipline. Two discoveries that would later play substantial roles in cognitive psychology were Paul Broca's discovery of the area of the brain largely responsible for language production, and Carl Wernicke's discovery of an area thought to be mostly responsible for comprehension of language. Both areas were subsequently formally named for their founders, and disruptions of an individual's language production or comprehension due to trauma or malformation in these areas have come to commonly be known as Broca's aphasia and Wernicke's aphasia.

From the 1920s to the 1950s, the main approach to psychology was behaviorism. Initially, its adherents viewed mental events such as thoughts, ideas, attention, and consciousness as unobservables, hence outside the realm of a science of psychology. One pioneer of cognitive psychology, who worked outside the boundaries (both intellectual and geographical) of behaviorism was Jean Piaget. From 1926 to the 1950s and into the 1980s, he studied the thoughts, language, and intelligence of children and adults.

In the mid-20th century, three main influences arose that would inspire and shape cognitive psychology as a formal school of thought:

• With the development of new warfare technology during WWII, the need for a greater understanding of human performance came to prominence. Problems such as how to best train soldiers to use new technology and how to deal with matters of attention while under duress became areas of need for military personnel. Behaviorism provided little if any insight into these matters and it was the work of Donald Broadbent, integrating concepts from human performance research and the recently developed information theory, that forged the way in this area.
• Developments in computer science would lead to parallels being drawn between human thought and the computational functionality of computers, opening entirely new areas of psychological thought. Allen Newell and Herbert Simon spent years developing the concept of artificial intelligence (AI) and later worked with cognitive psychologists regarding the implications of AI. This encouraged a conceptualization of mental functions patterned on the way that computers handled such things as memory storage and retrieval, and it opened an important doorway for cognitivism.
• Noam Chomsky's 1959 critique of behaviorism, and empiricism more generally, initiated what would come to be known as the "cognitive revolution". Inside psychology, in criticism of behaviorism, J. S. Bruner, J. J. Goodnow & G. A. Austin wrote "a study of thinking" in 1956. In 1960, G. A. Miller, E. Galanter and K. Pribram wrote their famous "Plans and the Structure of Behavior". The same year, Bruner and Miller founded the Harvard Center for Cognitive Studies, which institutionalized the revolution and launched the field of cognitive science.
• Formal recognition of the field involved the establishment of research institutions such as George Mandler's Center for Human Information Processing in 1964. Mandler described the origins of cognitive psychology in a 2002 article in the Journal of the History of the Behavioral Sciences.

Ulric Neisser put the term "cognitive psychology" into common use through his book Cognitive Psychology, published in 1967. Neisser's definition of "cognition" illustrates the then-progressive concept of cognitive processes:

The term "cognition" refers to all processes by which the sensory input is transformed, reduced, elaborated, stored, recovered, and used. It is concerned with these processes even when they operate in the absence of relevant stimulation, as in images and hallucinations. ... Given such a sweeping definition, it is apparent that cognition is involved in everything a human being might possibly do; that every psychological phenomenon is a cognitive phenomenon. But although cognitive psychology is concerned with all human activity rather than some fraction of it, the concern is from a particular point of view. Other viewpoints are equally legitimate and necessary. Dynamic psychology, which begins with motives rather than with sensory input, is a case in point. Instead of asking how a man's actions and experiences result from what he saw, remembered, or believed, the dynamic psychologist asks how they follow from the subject's goals, needs, or instincts.