Incentive and self interest by Rosa Mora

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Slide Notes

Incentive and self interest

Published on Mar 16, 2016

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PRESENTATION OUTLINE

INCENTIVE AND SELF-INTEREST

BY: ROSA MORA

Photo by Luz Adriana Villa A.

INCENTIVE

AN EXCEPTION THAT ENCOURAGES PEOPLE TO BEHAVE A CERTAIN WAY

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INCENTIVE

THE HOPE OF REWARD OR THE FEAR OF PUNISHMENT

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The central study of all economic activities (individual decisions and co-operation and competition within a larger institutional structure)

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SELF-INTEREST

ONE'S OWN PERSONAL GAIN

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SELF-INTEREST

THE MOTIVATING FORCE IN THE FREE MARKET

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The miracle of a market system is that self-interest produces behavior that benefits others.

Photo by Werner Kunz

Rosa Mora