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Parsons distinguished three types of societies in social evolution, which were:
Legally Sufficient Value
An acceptable form or measure of value that must be provided in a contract to make it binding and enforceable under law.
Consideration
Something of value (such as money, goods, services, or promised actions) that is exchanged between parties in a contractual agreement.
Adequacy
Adequacy refers to the suitability of something to meet the needs in its context or the sufficiency in quantity or quality to fulfill a specific requirement.
Consideration
Something of value exchanged between parties within a contract, serving as the reason or motive for entering into the agreement.
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