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The term mutual exchange describes the ability of two (or more) tenants in the public housing sector to move house by swapping their homes. Mutual exchange is possible in some countries, such as the UK and Sweden. [1] [2] Other terms used for this are "home swap" or "homeswap".
In social exchange, self-interest is not a negative thing; rather, when self-interest is recognized, it will act as the guiding force of interpersonal relationships for the advancement of both parties' self-interest"—Michael Roloff (1981) [15] Thibaut and Kelley see the mutual interdependence of persons as the central problem for the study of ...
Mutual concession is a procedure that can promote compromise in a group so that individuals can refocus their efforts toward achieving a common goal. Reciprocal concessions promote compromise in a group so that the initial and incompatible desires of individuals can be set aside for the benefit of social cooperation.
An example of this is renting of apartment. The landlord and tenant come together to discuss the terms of the exchange (most of the time, the leasing is outlined in a contract). Thus, they have fulfilled the first requirement of consideration. To meet the second element, there must be a mutual exchange.
A structure of mutual or reciprocal dependence is defining characteristic of all social relations based on exchange. [5] The mutual or reciprocal dependence can be either direct (restricted) or indirect (generalized). Both of them rest on a norm of reciprocity which provides guidance to both parties: takers are obliged to be givers. [6]
Mutual aid is an organizational model where voluntary, collaborative exchanges of resources and services for common benefit take place amongst community members to overcome social, economic, and political barriers to meeting common needs. This can include physical resources like food, clothing, or medicine, as well as services like breakfast ...
This system set cost as the limit of price and established exchange based on labor notes. [7] In keeping with his mutualist principles, Warren refused to substantially grow his business, maintaining the equal exchange between shopkeeper and customer. [8] He hoped the shop would eventually be the nucleus for the establishment of a "mutualist ...
This was less true when Hobbes wrote Leviathan; at that time more importance was attached to consideration, meaning a mutual exchange of benefits necessary to the formation of a valid contract, and most contracts had implicit terms that arose from the nature of the contractual relationship rather than from the choices made by the parties ...