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katrin [286]
3 years ago
9

Explain the use and purpose of incentives in Economics.

Social Studies
1 answer:
rewona [7]3 years ago
8 0

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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South Dakota

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