Economic theories

    Cards (4)

    • Name the 3 economic theories?
      • social exchange theory
      • equity theory
      • rusbults investment model
    • why are these theories economic theories?
      Because they use economic concepts eg costs , rewards
    • what do these economic theories suggest?
      That relationships are run in a similar way to a business - people are haggling & negotiating in order to get the best deal
    • What do economic theories describe relationships as?
      a series of exchanges aiming at balancing rewards and costs
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