ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -Unlike economic exchange, social exchange has no well-defined “value.” It is based on the norm of reciprocity, in which giving and taking are to be repaid in equivalent measure.

Detailed explanation-2: -Encourage open communication. Healthy communication is the bedrock of any relationship, whether romantic or platonic. It’s also a great way to ensure your connection remains reciprocal. Practice active listening and confirm each person in the relationship feels happy with the give-and-take of energy and support.

Detailed explanation-3: -Examples of Reciprocity A salesperson giving a freebie to a potential customer, hoping that it will lead them to return the favor by purchasing something. A leader offering attention and mentorship to followers in exchange for loyalty3.

Detailed explanation-4: -The reciprocity principle is one of the basic laws of social psychology: It says that in many social situations we pay back what we received from others. In other words, if John does you a favor, you’re likely to return it to him.

Detailed explanation-5: -Smiling is an example of reciprocity – when a smile occurs in the infant, it triggers a smile in the caregiver and vice versa.