The Exchange Theory

Defined as that framework which explains how individuals develop within the famil  context. It refers to the principle where individuals enter into relationships where they can get maximum benefits but they in turn gives back very little.

It also explains how individuals use their personal resources as a powerful tool to get what they want. eg. Roy is a young lawyer who drives an expensive vehicle, he uses that as power invested in him to ask Jane to go out with him on a date. Jane is this ordinary charming young girl who has very limited resources. Roy does not expect Jane to refuse him because of his job and his expensive vehicle. Roy is also anticipating he will get something in the end, eg. a hug , this would be the exchange of reward.

Exchange of rewards and costs shapes power and influence in families. It can be material or non material. A good example is household tasks perform by family members which are beneficial to other family members. The family members who perform these tasks are looked up to by other family members to do these tasks.

The theory also explains that relationships which carry equal weight will grow and last longer than those where there is an imbalance eg. father  helping with house hold chores such as ironing, cooking and even washing up dishes helps to make mother happy.

Then there is the “Principle of least Interest” This refers to individuals who are in relationship and are not committed to the relationship tend to exploit their partner. They bring a lot of hurt to their partner because they cheat, lie, and make a lot of excuses.

The theory also states “money is power” this explains the fact that an individual who has money anything is possible for him to do or get.