Needs Hierarchy Theory explains how people develop perceptions of fairness in the distribution and exchange of resources.

Needs Hierarchy Theory

A psychological theory proposing that human needs are arranged in a hierarchy, with basic needs being the most fundamental.

Perceptions of Fairness

Individual judgments about the appropriateness, justness, and equity of an action or decision, often relating to treatment by others.

Distribution and Exchange

The processes involved in the allocation of goods and services among individuals or groups, and the trading activities that facilitate this distribution.