Question
Concept of reciprocity
Answer :
Word Count : 246
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Reciprocity in economic sociology refers to a mode of exchange in which goods, services, or favors are given with the expectation that they will be returned in the future, though not necessarily in an immediate or equivalent form. It highlights the social and moral foundations of economic life, emphasizing that economic transactions are embedded in social relationships rather than driven solely by rational self-interest. Unlike market exchange, which is governed by
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