Dictionary Meaning and Definition on 'Incentive'
- a positive motivational influence [syn: inducement, motivator] [ant: disincentive]
- an additional payment (or other remuneration) to employees as a means of increasing output [syn: bonus]
- Incentive \In*cen"tive\, a. [L. incentivus, from incinere to
strike up or set the tune; pref. in- + canere to sing. See
- Inciting; encouraging or moving; rousing to action; stimulative. Competency is the most incentive to industry. --Dr. H. More.
- Serving to kindle or set on fire. [R.] Part incentive reed Provide, pernicious with one touch of fire. --Milton.
- Incentive \In*cen"tive\, n. [L. incentivum.]
That which moves or influences the mind, or operates on the
passions; that which incites, or has a tendency to incite, to
determination or action; that which prompts to good or ill;
motive; spur; as, the love of money, and the desire of
promotion, are two powerful incentives to action.
The greatest obstacles, the greatest terrors that come
in their way, are so far from making them quit the work
they had begun, that they rather prove incentives to
them to go on in it. --South.
Syn: Motive; spur; stimulus; incitement; encouragement;
Wikipedia Meaning and Definition on 'Incentive'
In economics and sociology, an incentive is any factor (financial or non-financial) that enables or motivates a particular course of action, or counts as a reason for preferring one choice to the alternatives. It is an expectation that encourages people to behave in a certain way.
Incentives can be classified according to the different ways in which they motivate agents to take a particular course of action. One common and useful taxonomy divides incentives into three broad classes:
(There is another common usage in which incentive is contrasted with coercion, as when economic moralists contrast incentive-driven work—such as entrepreneurship, employment, or volunteering motivated by remunerative, moral, or personal incentives—with coerced work—such as slavery or serfdom, where work is motivated by the threat or use of violence. In this usage, the category of "coercive incentives" is excluded. For the purposes of this article, however, "incentive" is used in the broader sense defined above.)[See more about Incentive at Dictionary 3.0 Encyclopedia]
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