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What is Incentive system?

Updated: 8/23/2023
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12y ago

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a system of measures that uses material means to motivate participants in production to work for the creation of the social product. The nature, form, and methods of economic incentive depend on the dominant production relations of a society.

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9y ago
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12y ago

According to charles shultze,a more effective and efficient policy than command-and-control; in the incentice system, market-like strategies are used to manage public policy.

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