Hi, could you help write reflective journal on "Evolutionary Economics"

Evolutionary Economics What is Evolutionary Economics? I Evolutionary economists examine how and why the economy changes. - Economists in this eld propose that processes evolve and that economic behavior is determined by individuals and society as whole. - It focuses on changes over time in the processes of material provisioning (production, distribution, and consumption) and in the social institutions that surround those processes. - It is closely related to, and often draws upon research in, other social sciences, such as economic sociology, economic anthropology, and international political economy. - It contributes to other areas of research in economics such as growth theory, economic deveIOpment, economic history, gender economics, industrial organization, and the study of business cycles and financial crises. Understanding Evolutionary Economics principles: > Economics is Dynamic - Evolutionary economists believe the economy is dynamic, constantly changing, and chaotic, rather than always tending toward a state of equilibrium. The creation of goods and the procurement of supplies for those goods involves many processes that change as technology develops. - As such, organizations that govern these processes and production systems, as well as consumer behavior, must evolve as production and procurement processes change. Understanding Evolutionary Economics principles: > Economics is Dynamic - Evolutionary economists believe the economy is dynamic, constantly changing, and chaotic, rather than always tending toward a state of equilibrium. The creation of goods and the procurement of supplies for those goods involves many processes that change as technology develops. - As such, organizations that govern these processes and production systems, as well as consumer behavior, must evolve as production and procurement processes change