INCENTIVE

Incentive

An incentive is something that motivates an individual to perform an action. The study of incentive structures is central to the study of all economic activities . Economic analysis, then, of the differences between societies largely amounts to characterizing the differences in incentive structures faced by individuals involved in these collective efforts. Ultimately, incentives aim to provide value for money and contribute to organizational success.

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incentive

Noun

  1. Something that motivates, rouses, or encourages.
  2. A bonus or reward, often monetary, to work harder.

Adjective

  1. Inciting; encouraging or moving; rousing to action; stimulating.
  2. Serving to kindle or set on fire.


The above text is a snippet from Wiktionary: incentive
and as such is available under the Creative Commons Attribution/Share-Alike License.

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