An incentive is a reward or punishment that encourages people to behave in certain ways.
What is an incentive?
The incentive is said as a driving motivation that entails people to work or behave as per guidelines. It is extended in the form of financial motivation either through rewards or by punishing people for taking some actions.
Example of Incentives
An example of positive incentives is bonus and profits sharing policies. On the other hand, negative incentives are pay cuts or demotion.
Learn more about incentives here:
https://brainly.com/question/23783099
