PANACEA By N., Pam M.S. - April 7, 2013 noun. a solution or treatment for everything which is incorrect or which universally relates to a group of associated troubles. PANACEA: "Panacea is often referenced as a cure-anything/cure-all method of approach." Related Psychology Terms TRADITIONALISM NOMINATIVE BLOOD GROUP OUTGROUP PSYCHODYNAMIC GROUP PSYCHOTHERAPY SCAPEGOAT THEORY TINNITUS STEREOTYPE DISJUNCTIVE TASK ALLERGY Cite this page: N., Pam M.S., "PANACEA," in PsychologyDictionary.org, April 7, 2013, https://psychologydictionary.org/panacea/ (accessed October 21, 2020).