Concept information
Preferred term
exchange relationships
Definition
- The defining characteristic of an exchange relationship is that benefits are given with the expectation of receiving a comparable benefit in return or in repayment for a comparable benefit received in the past. When exchange rules are followed appropriately, each relationship member considers the exchange to be fair. [Source: Encyclopedia of Social Psychology; Exchange Relationships]
Broader concept
Belongs to group
URI
https://concepts.sagepub.com/social-science/concept/exchange_relationships
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