Positive economic incentives provide people with money in exchange for acting in a certain way and making certain decisions. People who engage in particular decisions and behaviors are financially penalized by negative economic incentives.
Anything that promotes or rewards a particular action is referred to as a positive incentive. It is also sometimes called motivation. Profit is an illustration of a beneficial incentive; it motivates companies to continue providing goods and services.
People who engage in particular behaviors are financially penalized by negative economic incentives or disincentives. This is a technique for promoting particular actions without making them obligatory.
The positive incentive presents employees with a benefit to work for, whereas the negative incentive cautions that there will be no reward unless they meet their goals. Even if the outcomes are the same in both situations, the employer uses different terminology to convey the incentive.
We receive monetary rewards to influence our behavior. Positive economic incentives pay people money in exchange for choosing to behave in a particular way and making a particular choice. Negative economic incentives result in financial penalties for those who make certain choices and behave in a certain way.
Learn more about positive and negative incentives: https://brainly.com/question/15103242
#SPJ4