Economics B A-Level
Economic incentives
What Economic incentives means in Economics B A-Level, as defined for Pearson Edexcel.
Definition of Economic incentives
Check what you remember
Read the wording for your board, then hide it and explain Economic incentives in your own words. Rough notes are fine. This is a self-check, with no mark or grade.
Reference: Pearson Edexcel
Cutting income tax or corporation tax increases incentives for workers and firms, while interventionist policies offer targeted grants.
Topics that use Economic incentives
- Supply-side policies (Pearson Edexcel A-Level)
Related terms
- Human capital
- Infrastructure investment
- Labour market flexibility
- Macroeconomic equilibrium
- Productive capacity
- Interventionist methods
- Market-based methods
Using Economic incentives in the exam
Check the command word and mark scheme for your exact question. After comparing your explanation with the reference, use the term in an answer on the linked topic. This practice does not predict an exam mark.
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