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Social reflection as the basis of the mechanism of economic socialization of the individual

Introduction. Economic socialization of the individual, which regulates socio-economic processes, takes place through the mechanism of social reflection and is realized in the system of social relations. Social reflection allows creating conditions for the development of the individual including their economic socialization. Aim. To make a theoretical study of the role of social reflection in economic society as the basis of the mechanism of economic socialization. Methods. Theoretical analysis of social reflection and its interpretation in psychological science. Results. The concept of reflection is a psychological phenomenon. It is the basis for personal independence and activity in the process of developing economic knowledge and economic experience in relations with other people. Conclusions. The concept of social reflection is a purely psychological phenomenon that represents a mental rational process or act aimed at analyzing and understanding of oneself, one's own actions, behavior, language, experience, feelings, states, abilities, character, and interpersonal relationships. The result of reflection is the manifestation of a social theory that explains the essence of economic socialization of the individual.