172k views
4 votes
What is the cost or benefit that motivates an economic decision?

1 Answer

4 votes

Answer:(THE MAIN ANSWER!!!)

The term that refers to the cost that stimulates or inspires an economic decision is called INCENTIVE. Most of the type, incentives come in a form of payment or cash in the economic perspective. This gives an individual more reason to strive harder to become better in every action or task he performs.

Explanation:(JUST FOR UNDERSTANDING!!!)

INCENTIVE MEANING?=

A thing that motivates or encourages one to do something

User Petal
by
7.4k points