Pragmatic function of terminology and the dual nature of economic concepts

The paper presents a new way of considering the pragmatic function economic terms based on understanding concepts rendered by them as having dual – descriptive and simultaneously prescriptive character, prescription being linguistically realized function. With this in mind brief survey philosophical works giving axiological analysis scientific definitions characteristic economics social science is made. It shown that set specific for particular school thought or socio-economic situation do not only sometimes even so much reflect actual reality give latter direction through they are meant to fulfill. aspect terms’ meaning at different levels linguistic relevance, its exponents incorporated into an intricate system interrelations associations. Thus offers approach along lines which if applied further investigations - there may be gained deeper insight idiosyncratic processes underlying cognitive regulatory functions terminology belonging sphere economics.