BUSINESS ADMINISTRATION
ENTREPRENEURIAL DEVELOPMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Incentive.
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Subsidy.
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Bounty.
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Concession.
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Detailed explanation-1: -The term Bounty denotes bonus or financial aid which is given by a government to industry to help it compete with other units in the home market or in a foreign market. Bounty offers benefits on a particular industry; while a subsidy is given in the interest of the nation.
Detailed explanation-2: -A subsidy or government incentive is a form of financial aid or support extended to an economic sector (business, or individual) generally with the aim of promoting economic and social policy.
Detailed explanation-3: -bounty noun (REWARD) money paid as a reward: A bounty of $10, 000 has been offered for the capture of his murderer. SMART Vocabulary: related words and phrases. Gifts in the form of money.
Detailed explanation-4: -A subsidy is an incentive given by the government to individuals or businesses in the form of cash, grants, or tax breaks that improve the supply of certain goods and services. With subsidies, consumers are able to access cheaper products and commodities.
Detailed explanation-5: -Provision of Government incentives like availability of power, concessional finance, capital investment subsidies, transport subsidies, etc. aims at eliminating such constraints and promote entrepreneurship.