What is SOCIAL EXCHANGE THEORY

The definition of social exchange theory is that people make decisions by consciously or unconsciously measuring the costs and rewards of a relationship or action, basically meaning they want rewards or to maximize them.

Explanation:

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Social exchange theory is a concept based on the notion that a relationship between two people is created through a process of cost-benefit analysis.

Explanation:

In other words, it’s a metric designed to determine the effort poured in by an individual in a person-to-person relationship.

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