ELI5: Explain Like I'm 5

Economy-of-effort theory

Okay, let's imagine that you have a bunch of toys scattered around your room and your mom asks you to clean them up. Now, you could just start picking each toy up one by one and placing them back in their proper place, but that would take a lot of effort and time, right?

That's where the economy-of-effort theory comes in! It's all about finding the easiest and most efficient way to get a task done. So instead of picking up each toy individually, you might decide to pick up a handful at a time and put them in a box or basket. This way, you're using less effort but still getting the job done.

In the real world, this theory applies to a lot of different things, not just cleaning up toys. For example, a business might use the economy-of-effort theory to streamline their production process or to find ways to save money on their expenses. It's all about finding the most efficient way to achieve your goals, without wasting any unnecessary effort or resources.