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According to Gouldner's exchange theory, the social exchange is certain actions and obligations as a repayment of the benefits received. Norm of reciprocity obliges a person to give benefit to those from whom he has received them. It is likely to be found in any and every cultural system. To gouldner people should help those who have helped them and they should not harm or injure those who have helped them. He believes that social stability is in good measure the consequence of the mutual indebtedness of those who live by a norm of reciprocity. The norm of reciprocity requires that if others have been fulfilling their duties to you, you in turn have additional or obligation to fulfill your duties to them

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Q: Explain the Exchange theory by Alvin ward gouldner?
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