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Negative Economic Incentives: Fines, Fees, and Price Increases

Business, Profits, and Economic Incentives

Kindergarten·Social Studies·US-IL-SS

Updated 1 month ago · 3 views

Discover how penalties, late fees, and higher prices discourage certain economic choices and behaviors.

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Business, Profits, and Economic Incentives

Kindergarten · Social Studies · US-IL-SS

5 lessons

Goal

Explain how revenues, costs, and profits guide producer decisions, and discover how positive and negative incentives motivate buyers and sellers.

5 lessons

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Learning standards covered

SS.EC.2.5Illinois Social Studies Standards · All ages

Discover how positive incentives (e.g. sale prices and earning money) and negative incentives influence behavior in our nation’s economy and around the world.