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Modernization: Modernization theory was presented in the
1950s to explain the factors and reason behind the industrial society’s
development and growth in the North America and Western Europe. The theory
explains that societies grown according to few
Social exchange theory: Social exchange theory explains the
changes in the basic social behavior as consider these changes a result of an
exchange process. The ultimate aim of an exchange process is to maximize
benefits and reduce cost to the minimum . Every social relationship is
undertaken after evaluating the potential. If the risks are more than the rewards, the
relation is most likely be abandoned.
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