A reason to perform an action. In selecting a RESPONSE, an organism performs a COST-BENEFIT ANALYSIS. Incentives are a critical part of this equation, as both positive incentives (REWARD) and negative incentives (avoidance of PUNISHMENT) represent the...

An inducement arising from goods and services having different prices. These incentives were regarded as crucial to generating ECONOMIC GROWTH by SMITH and his successors as they determine choices between work and leisure, between goods and labour,...

In economics, an incentive is any factor (financial or non-financial) that provides a motive for a particular course of action, or counts as a reason for preferring one choice to the alternatives. Since human beings are purposeful creatures, the study...