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the management of money or domestic affairs.
token economy a program of treatment in behavior therapy, usually conducted in a hospital setting, in which the patient may earn tokens by engaging in appropriate personal and social behavior, or lose tokens by inappropriate or antisocial behavior; tokens may be exchanged for tangible rewards (such as food snacks or clothing) or for special privileges (such as watching television or passes to leave the hospital).
Etymology: AS, tacen, to show; Gk, oikonomia, household management
a technique of reinforcement used in behavior therapy in the management of a group of people, such as in hospitals, institutions, or classrooms. Individuals are rewarded for specific activities or behavior with tokens that they can exchange for desired objects or privileges.