A sociological and psychological framework called Social Exchange Theory aims to explain the dynamics of social interactions and relationships. An overview of the Social Exchange Theory, its core ideas, and its consequences for comprehending human behaviour are given in this abstract. It explores the concepts of reciprocity, exchange of resources, and mutual benefit in interpersonal interactions. It also examines how costs and benefits, equality, and the development of social ties all play a part. Understanding the social exchange theory will help you better understand why people engage with one another, how relationships are negotiated, and how social equilibrium is maintained.
