Equity Theory in Economics
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Questions and Answers

What is the main focus of equity theory?

The importance of fairness in a relationship

How does equity theory define equity?

When everyone is treated according to their personal needs

What are the consequences of overbenefitting according to equity theory?

Guilt and discomfort

Describe inequity in a relationship according to equity theory.

<p>When one partner puts a lot into the relationship but gets little out of it</p> Signup and view all the answers

What is the key idea regarding costs and rewards in equity theory?

<p>It's the ratio of costs and rewards to each other that is important</p> Signup and view all the answers

How can partners achieve a satisfying relationship according to equity theory?

<p>By ensuring that costs and rewards are fairly distributed</p> Signup and view all the answers

What motivates an underbenefitted partner to restore equity in a relationship?

<p>Belief that the relationship is reparable</p> Signup and view all the answers

How do individuals dealing with inequity change their perceptions according to equity theory?

<p>They adjust their perceptions of costs and rewards</p> Signup and view all the answers

What is the correlation between perceived inequity and dissatisfaction in a relationship?

<p>The greater the perceived inequity, the greater the dissatisfaction</p> Signup and view all the answers

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