Economic Incentives

Economic Incentives is something that provides the motivation or encouragement upon a person in order to do an act a certain way. One can see incentives in one sort of way but in better inspection, one realizes that there are two types of Incentives:

1. Monetary Incentives 
2. Non-Monetary Incentives

The difference between the two is quite simple. Monetary Incentives reward people for doing the desired deed by offering money towards a person. They way the money is given towards an employee can be seen as the form of a cash bonus, stock options, profit sharing, and cash awards. On the other hand, Non-Monetary Incentives are rewarded by providing employees with the opportunity to have bonuses and opportunities to one again do someone else's bidding. This can be seen to be any type of reward towards a person but that does not involve money. This can be seen as an extended break, opportunities to become head of a project, leaving work early, etc.

Although most of are viewed as positive there is also negative incentives hat people are able to gain.In a positive approach, it benefits a person in a certain way. The employee is rewarded with a financial gain so there is no loss. They once again can experience things such as coupons, sales, free items, discounts, and rewards. The negative way to see the economic incentives do not benefit anyone the person financially and instead of acquiring money the person will need to pay up. These incentives basically cost you money some examples are fines, fees, and tickets. That's all there is about economic incentives.