What are features of social contact theory
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A social contract defines social norms, conventions, and expectations. A social contract enables the rule of law. A social contract is based on natural rights. A social contract protects rights in exchange for the people accepting obligations to both their fellow man and to the institutions of society and government.
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The parties are described as (1) motivated by self-interest, in as much as they will only agree to the contract if they perceive that they will benefit from social interaction; (2) concerned for the welfare of others, if only because they recognize that the advantages they expect to derive from the social contract will.
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