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Incentives (economics)

Incentives are factors that influence the behavior of individuals and firms, and can be either positive (e. g. Continue Reading Below  

About Incentives (economics)

Incentives are factors that influence the behavior of individuals and firms, and can be either positive (e.g. rewards) or negative (e.g. penalties). In economics, incentives play a key role in decision-making, as they can affect the choices that people make and the actions they take.
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