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Interdependence theory is a social exchange theory that states that interpersonal relationships are defined through interpersonal interdependence, which is "the process by which interacting people influence one another's experiences" [1] (Van Lange & Balliet, 2014, p. 65).
Economic interdependence is the mutual dependence of the participants in an economic system who trade in order to obtain the products they cannot produce efficiently for themselves. Such trading relationships require that the behavior of a participant affects its trading partners and it would be costly to rupture their relationship. [ 1 ]
Social exchange theory is a sociological and psychological theory that studies the social behavior in the interaction of two parties that implement a cost-benefit analysis to determine risks and benefits. The theory also involves economic relationships—the cost-benefit analysis occurs when each party has goods that the other parties value. [1]
A plural society is defined by Fredrik Barth as a society combining ethnic contrasts: the economic interdependence of those groups, and their ecological specialization (i.e., use of different environmental resources by each ethnic group).
Organic solidarity is a social cohesion based upon the interdependence that arises between people from the specialization of work and complementarianism as result of more advanced (i.e., modern and industrial) societies. [2]
In sociology, for example, proponents of action theory have suggested that social stratification is commonly found in developed societies, wherein a dominance hierarchy may be necessary in order to maintain social order and provide a stable social structure.
As the global debt approaches $102 trillion, the United States and China are the top contributors to the increasing debt. According to data from the IMF and Visual Capitalist, in one year, the ...
Economic sociology is the study of the social cause and effect of various economic phenomena. The field can be broadly divided into a classical period and a ...