Definition of «financial incentives»

Financial incentives refer to rewards or benefits offered to individuals or organizations for engaging in specific actions that are deemed beneficial to society, such as investing in education, creating jobs, reducing pollution, or promoting innovation. These incentives can take many forms, including tax breaks, grants, subsidies, low-interest loans, and other financial benefits designed to encourage certain behaviors or activities that might not otherwise occur due to the high costs involved. Financial incentives are often used by governments as a tool for economic development, job creation, and social progress. They can be an effective way of motivating individuals and organizations to take actions that contribute to the common good, while also promoting personal or corporate gain.

Phrases with «financial incentives»

Sentences with «financial incentives»

  • The heart of the program is a set of financial incentives for teachers and students based on AP examination performance. (educationnext.org)
  • The minister has given further details of financial incentives for universities to improve teaching. (bbc.co.uk)
  • He said he would like to provide financial incentives for teachers and other school officials to live in neighborhoods they work in. (host.madison.com)
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