The difference between these theories is that the Equity theory basically states that you get from a relationship what you put in to it and the social exchange theory is about getting everything you can from a relationship with out giving back.
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Equity theory focuses on the perception of fairness in social exchanges, where individuals compare their ratio of inputs and outcomes to those of others. Social exchange theory, on the other hand, emphasizes the rational calculation of rewards and costs in relationships, with individuals choosing those that provide the most benefits with the least costs. Both theories address relationships and interactions but differ in their emphasis on fairness perceptions versus rational decision-making.
Social exchange theory is a concept in sociology that views interactions between individuals as a kind of social transaction where people weigh the potential costs and benefits of their actions. It suggests that individuals will engage in relationships that provide them with rewards and minimize costs, leading to the development of mutually beneficial relationships.
Cooperation involves individuals working together towards a common goal without expecting immediate or direct benefits in return. Social exchange, on the other hand, involves individuals engaging in give-and-take relationships with the expectation of receiving something of equal value in return. While both involve interactions between individuals, cooperation focuses on the collective good, whereas social exchange is driven by personal gains.
Sociology is the study of society, social institutions, and social relationships, focusing on understanding social behavior and interactions at a broader level. Social work, on the other hand, is a profession that aims to help individuals, families, and communities address their problems and improve their well-being through direct interventions and support services. Sociology provides the theoretical foundation and broader societal perspective for understanding social issues, while social work applies this knowledge to facilitate positive change at the individual and community level.
The statement suggests that the doctrine of equity has evolved over time to adapt and respond to changing circumstances, much like a child grows and matures in different environments. This comparison is valid as equity principles have indeed developed to address new social, economic, and legal challenges as they arise, aiming to achieve fairness and justice in an ever-changing society.
Equity theory states that people strive to maintain a balance between their inputs and outcomes in comparison to others. When individuals perceive unfair treatment, they may try to restore equity through various methods such as altering their inputs (increasing effort), altering their outcomes (seeking a raise), changing their perception of the situation (reassessing the comparison), leaving the situation (quitting), or seeking to change the inputs or outcomes of others (encouraging equal treatment).