Exchange Relationships

Exchange relationships refer to interactions where two parties cooperate by giving and receiving resources, services, or benefits, with expectations of mutual benefit. These relationships are fundamental in business, social, and personal contexts, facilitating cooperation and stability. They can be formal, such as a supplier and a customer agreement, or informal, like friendships where favors are exchanged. Trust, consistency, and fairness are key components that strengthen these relationships, encouraging ongoing cooperation and positive interactions over time.