Incentive example sentences

Sometimes, the government provides incentives like subsidised power, lower transport cost and other infrastructure so that industries may be located in backward areas.Some times, monetary aspect may be involved in non-financial incentives as well.These incentives may be broadly classified as financial and non financial.Profit provides a vital incentive for the continued successful operation of the enterprise.The MSP is declared by the government every year before the sowing season to provide incentives to the farmers for raising the production of these crops.Incentive means all measures which are used to motivate people to improve performance.Since, money has the purchasing power, it becomes very important incentive for every individual.In order to facilitate and promote trade, government provides several incentives schemes for international firms to import goods at zero or concessional rates of customs duty for use in manufacture of products meant for exports; exempt them from payment of various other duties and taxes; and carry out their import-export transactions in a less cumbersome environment.For example, they have to advertise their products and offer short-term incentives in the form of coupons, free gifts, sales contests, and so on.The idea underlying such exemption or refund is to provide an incentive to the exporters to export more and also to make the export products more competitive in the world markets.EOUs have been established with a view to generating additional production capacity for exports by providing an appropriate policy framework, flexibility of operations and incentives.Laws that give political actors incentives to do good things have more chances of working.Inadequate storage and marketing facilities also act as a disincentive to the farmer.For every employee, salary is the basic monetary incentive.RBI is the independent authority for conducting monetary policy in the best interests of the economy – it increases or decreases the supply of high powered money in the economy and creates incentives or disincentives for the commercial banks to give loans or credits to investors.