Economic incentives

Something, often money or a prize, offered to make someone behave in a particular way: the state has an economic incentive program that provides an additional incentive to companies that already are located and employ workers here and are considering expansion [Cambridge Dictionary].
Economic incentives are financial rewards provided to people to alter consumption and production patterns in an economy. The main purpose of economic incentives is to influence human behavior to produce desired results naturally. It is a type of monetary motivation that the government or businesses offer.
Economic incentives can be intrinsic or extrinsic based on the source of motivation. It has huge macroeconomic effects, like stimulating commercial activity and increasing people’s participation. It allows the government to keep control of the economy and helps businesses increase sales. Common incentives include salaries, subsidies, tax credits and rebates, discounts, etc.
Incentives help manage a country’s population. Often, an economic situation demands that certain parameters be brought under control, like increasing the money supply or decreasing inflation. In such cases, the government can control the economy by pulling the strings on consumption and production. Hence, it can stimulate economic activity during slow growth and stagnation [WallStreetMogo].

Sources:

Economic incentives. Cambridge Dictionary. Retrieved from: https://dictionary.cambridge.org/dictionary/english/economic-incentive

Economic incentives. WallStreetMogo. Retrieved from: https://www.wallstreetmojo.com/economic-incentives/