INCENTIVE - Deepstash
INCENTIVE

INCENTIVE

….. simply a means of urging people to do more of a good thing or less of a bad thing.

Economics ultimately boils down to the study of incentives. Incentives are all around us, whether natural or manufactured (like by a parent, teacher, boss, politician or economist).

Three kinds of incentives:

  1. Economic: doing something to increase your wealth.
  2. Social: doing something to affect how others perceive you.
  3. Moral: doing something because of your sense of right and wrong.

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"A good idea should be like a girl's skirt; long enough to cover the subject and short enough to create interest."

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