Economic Incentives

  Economic Incentives is something that motivates or encourages one to do or act a certain way . There is two kinds of incentives one kind of incentive is monetary incentives and the second one is non- monetary incentives. Monetary incentives ere incentives reward something for a desired actions with money. For example this incentives can be given in the form of cash bounds, stock options, profit-sharing, and cash rewards. Non-monetary incentives are the types of incentives rewarded for a desired behavior through bounds and opportunities. Theses can be any type of reward that does not necessary involve money.
   These systems of incentives are very useful and effective because people don't like to do anything for free even if it isn't money they still want something in exchange. Altho it's a system of rewards it also comes with punishments. The punishments are used to reinforce desired behaviors or to get rid of unwanted behavior. This is why the systems of incentives work not only because it rewards but it also punishes.  

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