ELI5: Explain Like I'm 5

Cognitive-cultural economy

Cognitive-cultural economy is all about how people use their brains and what people do in their communities to make money. It's the way that everyone works together to create wealth and make sure that everyone can get what they need and want. So, for example, in your community, people might work jobs at the grocery store, the bank, or the pizzeria, and each of these places provides services that people need and pay for. All of these jobs and services together form the cognitive-cultural economy of your community and help to create more wealth for everyone.