Incentives
An incentive is a payment or concession to stimulate greater output or investment. Incentives are offered to encourage you to act. Some incentives make people better off and reward them for their actions. Other incentives leave people worse off and penalize them for their actions.
There are positive and negative incentives; Positive incentives make people better off and are called "rewards." While Negative incentives make people worse off and are called "penalties."
When parents or teachers want you to behave in a certain way, they sometimes offer incentives to encourage you or influence you to make a choice. Offering incentives is one way to get people to do what you want. When a teacher offers stickers to students who finish their work on time, this is an incentive. When a parent offers ice cream to their children to finish their vegetables, this is an incentive. Incentives often work to influence people's behavior. However, not all incentives work for all people.
An incentive is a payment or concession to stimulate greater output or investment. Incentives are offered to encourage you to act. Some incentives make people better off and reward them for their actions. Other incentives leave people worse off and penalize them for their actions.
There are positive and negative incentives; Positive incentives make people better off and are called "rewards." While Negative incentives make people worse off and are called "penalties."
When parents or teachers want you to behave in a certain way, they sometimes offer incentives to encourage you or influence you to make a choice. Offering incentives is one way to get people to do what you want. When a teacher offers stickers to students who finish their work on time, this is an incentive. When a parent offers ice cream to their children to finish their vegetables, this is an incentive. Incentives often work to influence people's behavior. However, not all incentives work for all people.