ECONOMICS (CBSE/UGC NET)

ECONOMICS

ECONOMIC SYSTEMS

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Something that encourages a person to take a certain action.
A
Tax
B
Entrepreneur
C
Incentive
D
Specialization
Explanation: 

Detailed explanation-1: -Some common synonyms of incentive are goad, impulse, inducement, motive, and spur. While all these words mean “a stimulus to action, ” incentive applies to an external influence (such as an expected reward) inciting to action.

Detailed explanation-2: -persuade. verb. to make someone agree to do something by giving them reasons why they should.

Detailed explanation-3: -incentive applies to an external influence (such as an expected reward) inciting to action. inducement suggests a motive prompted by the deliberate enticements or allurements of another.

There is 1 question to complete.