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Incentives change the way people act towards things, both good and bad.If there are no incentives, people will not want to do anything.If there aretoo many incentives, too many people will try to do the same thing.

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Siyeak Moeng

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Q: Why should policy makers think about incentives?
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How do you think the incentives of the colonists differed from the incentives of the Virginia company?

because the incentives of the


Factors to consider when designing tax policy?

When designing tax policy, you should consider of the about tax money that you need. You should also consider how long you think the tax money will be needed.


Why the factor of incentive is important for a supporter of the free enterprise economic system?

Classical economics, the kind that supports free enterprise, is basically a behavioral science with one rule:People respond to incentives. If you understand what someone's incentives are, you can understand what they will do.To answer this question as an essay, here are some subjects to explore: What are incentives? How well do people understand their own incentives? In what ways can people's incentives be changed or controlled?A supporter of free enterprise wants a system where as many people as possible can understand and respond to their own self interest, as defined by their incentives. Since you are writing this question from the perspective of a supporter, think about things that worry supporters of free enterprise, like government intervention. Government intervention distorts incentives, sometimes creating negative effects in the economy. These are the subjects you will want to talk about.


Do you think most managers use punishment?

No, many managers improve performance by rewarding their employees. They offer them incentives to help them meet their quotas when they work.


What are the Four elements of the economic way of thinking?

- Use Assumptions to simplify - Isolate Variables--Ceteris Paribus - Think at the Margin - Rational People Respond to Incentives

Related questions

Why should policy maker think incentives?

Incentives change the way people act towards things, both good and bad.If there are no incentives, people will not want to do anything.If there aretoo many incentives, too many people will try to do the same thing.


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Policy networks are think tanks that create policies for a company. In London, the Policy Network is an international group of policy makers and those who think strategically.


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