what is an economic incentive
economic incentive noun [C]. âº something, often âmoney or a âprize, âoffered to make someone âbehave in a particular way: The âstate has an âeconomic âincentive âprogram that âprovides an âadditional âincentive to âcompanies that already are âlocated and âemploy âworkers here and are considering âexpansion.