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Equity Theory Has Three Referent Categories: Other, System and Self

question 88

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Equity theory has three referent categories: other, system and self.


Definitions:

Informal Fee

Charges or costs that are not officially sanctioned or documented, often occurring in informal or unregulated markets.

Confidential Documents

Papers or digital documents that contain sensitive information and are not to be shared with unauthorized persons.

Special-Interest Effect

The Special-Interest Effect is a phenomenon where a small group of individuals or entities, due to their strong interest, can influence legislation or regulations disproportionately to their size or importance in society.

Invisible Hand

A term coined by Adam Smith to describe how individuals' pursuit of self-interest in free markets leads to economic benefits for society as a whole.

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