Incentives are important in determining people's willingness to invest in physical capital,human capital,and technical knowledge.

Question

Quizplus · Accepted Answer

Incentives play a key role in motivating individuals to invest in physical capital (such as machinery and equipment), human capital (such as education and training), and technical knowledge (such as research and development), as they are more likely to incur these costs if they perceive that there will be a commensurate return on their investment.

Incentives Are Important in Determining People's Willingness to Invest in Physical