Which term refers to the cost that motivates an economic decision?

The term that refers to the cost that stimulates or inspires an economic decision is called INCENTIVE. Most of the type, incentives come in a form of payment or cash in the economic perspective. This gives an individual more reason to strive harder to become better in every action or task he performs.

The term that refers to the cost that motivates an economic decision is "incentive." It is simply defined as something that "motivates a person to perform his/her duty." It can also be described as a payment that prompts a much profitable output and investment.

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