incentivenoun [ C or U ]uk /ɪnˈsen.tɪv/ us /ɪnˈsen.t̬ɪv/
Tax incentives have been very effective in encouraging people to save and invest more of their income.
[ + to infinitive ] There is little incentive for people to leave their cars at home when public transport remains so expensive.
- Indexation of pay rises to productivity will give people an incentive to work harder.
- The incentive to sell more is large - and it plainly works.
- The management have introduced a productivity incentive scheme for members of staff.
- Tax incentives have been offered to attract industry to the region.
- The new law provides incentives for businesses to invest in recycling equipment.