What is meant by economic motivation?
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Solution and Explanation
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- MH Board Class XII - 2024
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- Why is special remuneration (bonus) given?
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Read the following passage and answer the questions given below Passage:
Economic motivation is universally and easily available nowadays. It can be given in all sectors. In production sectors, more than one such stimulator is used to increase production. Workers and capitalists should work more enthusiastically to increase the production. For that incentive is very useful for such purpose. Desire of power, fame, honest intention of serving, patriotism, such encouragements also motivate human beings to work. These all sources of motivation are mixed more or less in ethical standards of work. Economic motivation is very important motivation. There can be various types of economic motivations.
Bonus is given to the workers for the task which is done before deadlines. Sample tasks are considered in the context of the task. Extra allowances or remuneration is given if the production is more than expected and quality is also maintained. This is done so that dissatisfaction does not arise among workers. Such efforts are constantly needed to increase production. The workers can work enthusiastically if the special allowances or incentives are offered. Promotion in job is offered as an encouragement to do good work is also a kind of economic incentive which is commonly used.- MH Board Class XII - 2024
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