Class Notes (1,100,000)
CA (630,000)
Ryerson (30,000)
ECN (1,000)
ECN 340 (200)
Lecture 10

Lecture 10


Department
Economics
Course Code
ECN 340
Professor
Thomas Barbiero
Lecture
10

This preview shows half of the first page. to view the full 1 pages of the document.
Social vs. Market Relations
Market Exchange:
1. Instant exchange
2. Impersonal exchange
3. Takes place in “large groups
4. Is it selfish exchange or self-interested exchange?
Self-interested exchange (i.e. wanting to pay less for something)
Social Exchange:
1. Non-instant exchange
2. Exchange with friends, family, etc
3. Takes place in “small groups
4. Can social exchange be driven by “greed”?
www.notesolution.com
You're Reading a Preview

Unlock to view full version