An economic incentive is a reward designed to encourage specific economic behavior. Below you can lean more about economic incentive.
Economic incentive is a term used to describe the motivation given to an individual in order to behave in a certain way.
In other words, it is a financial motivations for people to take certain actions.
An example of economic incentive is an increase the price of a product in order to encourage consumers to buy little of that product or to find alternatives.
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