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Meaning

The word "incentive" refers to something that motivates or encourages a person to do something. It can be a reward, a benefit, or any kind of inducement that influences a person's behavior or decision-making process. Incentives are often used in a variety of contexts, such as in business to boost employee productivity, in education to encourage student participation, or in economics to influence consumer purchasing decisions.

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Etymology

The word "incentive" comes from the Latin word "incentivus," which means "motivating" or "stimulating." This Latin term is derived from "incinere," meaning "to set on fire," signifying the idea of igniting motivation or action.

Examples

  1. The company offered a cash bonus as an incentive for employees to reach their sales targets.
  2. Teachers often use incentives, such as extra credit, to encourage students to complete their assignments on time.
  3. The government implemented tax breaks as an incentive for businesses to invest in renewable energy projects.
  4. He was motivated by the incentive of a travel voucher to participate in the competition.
  5. Some parents provide incentives, like screen time, to encourage their children to finish their homework.

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