Meaning of “economic incentive” in the English Dictionary

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"economic incentive" in Business English

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economic incentivenoun [ C ]


something, often money or a prize, offered to make someone behave in a particular way:

The state has an economic incentive program that provides an additional incentive to companies that already are located and employ workers here and are considering expansion.

(Definition of “economic incentive” from the Cambridge Business English Dictionary © Cambridge University Press)