zoramussen16 zoramussen16
  • 12-03-2021
  • Social Studies
contestada

Explain the use and purpose of incentives in Economics.

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topeadeniran2 topeadeniran2
  • 17-03-2021

Answer: See explanation

Explanation:

Economic incentives simply refers to the things that motivates us which then makes us act in a certain way. Economic incentives has to do with the motivation that's required for one to behave in a particular way.

Fur example, one may be motivated to work due to the wages or the salaries that'll be earned. They're typically financial motivations.

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