Schizophrenia is a chronic mental illness originally termed "dementia praecox" which is characterized by distortions in cognition and affect. It involves positive symptoms like hallucinations and delusions as well as negative symptoms such as reduced emotional expression. It is diagnosed based on the presence of characteristic symptoms for at least six months and causes significant impairment in social and occupational functioning. Treatment involves antipsychotic medications as well as psychosocial interventions like therapy, social skills training, and supported employment.