ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -Negative reciprocity occurs when an action that has a negative effect on someone is returned with an action that has an approximately equal negative effect.

Detailed explanation-2: -Gambling is a good example of negative reciprocity, and some would argue that market exchange, in which one participant aims to buy low while the other aims to sell high, can also be a form of negative reciprocity.

Detailed explanation-3: -In 1965, an anthropologist named Marshall Sahlins observed that there are three distinct types of reciprocity that occur in human societies around the world–generalized, balanced, and negative.

Detailed explanation-4: -These two types of reciprocity are known respectively as positive and negative reciprocity. For example, the act of returning a favor would be considered to be positive reciprocity, while punishing criminals for crimes committed would be an example of negative reciprocity.

Detailed explanation-5: -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.