Title: Describe how consumers, producers, workers, savers, investors, and citizens respond to incentives and disincentives.
Course: Economics and Personal Finance (19262-36) > Section: Understanding the Role of Producers and Consumers in a Market Economy

Description should define the terms incentive and disincentive and state that

- incentives encourage people to do something
- disincentives discourage people from doing something
- people respond to incentives and disincentives to allocate scarce resources in ways that provide the highest possible returns.