Question

Incentive and subsidies are obstacals in protection of the environment. Justify

Answer 1

${\huge {\mathfrak {Answer :-}}}$

➡️ An incentive is something that motivates an individual to perform an action. The study of incentive structures is central to the study of all economic activities (both in terms of individual decision-making and in terms of co-operation and competition within a larger institutional structure).

➡️ A subsidy is a benefit given to an individual, business or institution, usually by the government. It is usually in the form of a cash payment or a taxreduction. The subsidy is typically given to remove some type of burden, and it is often considered to be in the overall interest of the public, given to promote a social good or an economic policy.

That's it..