Microeconomic incentive

Microeconomic incentive,

Definition of Microeconomic incentive:

  1. A financial benefit, such as a subsidy or a tax break, provided to a business, industry, or sector by a government in order to achieve a specific economic or political goal. An example would be a tax credit for hybrid cars enacted to increase the sales of these cars in order to decrease automotive pollution.

Meaning of Microeconomic incentive & Microeconomic incentive Definition