Incentives Matter

Incentives matter for all decisions that we make. A good deal of the incentives we face come from the type of economy we live in, whether it be a market-based economy, a command economy, or a hybrid of the two. In this activity, you will be sharing an example of an incentive that you face as an American and how that may differ under a command economic system such as that of North Korea.

PART I

Provide an example of an incentive that you encounter. Please be clear in your explanation