Describe the Three Types of Incentives Used to Promote and Attract

question 43

Essay

Describe the three types of incentives used to promote and attract foreign direct investment.

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Definitions:

Occupational Conditions

The work environment and all factors affecting employees in the workplace, including health and safety, workload, and work hours.

Equity Principle

A principle focusing on fairness and justice, where rewards and resources are distributed based on individual contribution and effort.

Pay Scale

The range of pay rates from minimum to maximum, set for specific job titles or grades within an organization, reflecting differences in responsibility, skill, and experience.

Groupthink

A mode of thinking within a cohesive group whereby pressures for unanimity overwhelm the members’ motivation to realistically appraise alternative courses of action.