incentive noun definition in Economy topic from the Oxford Advanced Learner's Dictionary


 noun: Economy topic
1 [countable, uncountable] incentive (for/to somebody/something) (to do something) something that encourages you to do something There is no incentive for people to save fuel. There is an added incentive for you to buy from our catalogue—a free gift with every purchase. 2 a payment or concession (= a reduction in the amount of money that has to be paid) that encourages somebody to do something tax incentives to encourage savings

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