Financial Incentive (redirected fromincentive) Dictionary Thesaurus Medical Idioms Encyclopedia Wikipedia An incentive to do something because it is lessexpensivethan not doing so. For example, a company may have a financial incentive to open a factory in Town A instead of Town B because Town A's...
Explore economic output. Learn what output is in economics and discover how the output is measured. Understand the definition and importance of...
Economics is the field of study that examines how resources are used to produce goods and services and how purchasing decisions are made by consumers based on scarcity. Understanding basic economic principles such as scarcity, supply and demand, marginal costs, marginal benefits, and incentives are ...
economics encouragement endangerment enticement References in classic literature ? I wish I could render the incentives to every other equally innoxious in his case.' View in context Her visitors were startled and fascinated by the foreignness of this arrangement, which recalled scenes in French fictio...
7 Pairs of Commonly Confused Words What's the difference between 'fascism' and 'socialism'? More Commonly Misspelled Words Words You Always Have to Look Up Your vs. You're: How to Use Them Correctly Popular in Wordplay See All More Words with Remarkable Origins ...
Eligible employees last year received up to $4,400 in profit sharing. Mary Divine, Twin Cities, 17 Dec. 2024 Instead, the government has relied on financial incentives, through an uncodified system of internal profit sharing that links the bureaucracy’s financial performance to individual remunerat...
Economic Co-operation and Development’s (OECD) definition of extended producer responsibility identifies two specific features: the shifting of responsibility for disposal “upstream” from municipalities to producers and encouragement through incentives to make the design of products more environmentally ...
First recorded in 1400–50;late Middle English,fromLate Latinincentīvus“provocative,” inLatin:“setting the tune,” fromincent(us)“played” (past participle ofincinere“to play (an instrument, tunes),” fromin-in-2+-cinere,combining form ofcanere“to sing”) +-īvus-ive ...
The ratchet effect in economics refers to escalations in production, prices, or organizational structures that tend to self-perpetuate. This occurs because the process involved also changes the underlying conditions that drive the process itself. In turn, this creates or reinforces the incentives and ...
The purpose of appliedeconomicsis to improve the quality of practice in business, public policy, and daily life by thinking rigorously about costs versus benefits, incentives, and human behavior. It can involve the use of case studies andeconometrics, which is the application of real-world data ...