Respuesta :

Answer: If the carrot doesn't work, try the stick

Explanation: It is a very common saying for the concept of incentives, where in it says that it is important to change the customers habits by providing them incentives on using the product as the customers' feel reluctant to change as they like at what they are. So the saying says that if the carrot doesn't work, like with  normal advertisement doesn't bring change in consumer habits then try the stick, which means provide them incentives for using the product.

The common saying the best captures the concept of incentive is that if the carrot does not work, try the stick.

Further Explanation:

Economics:

Economics means the total quantity of goods and services manufactured during a time period. The economics tells us about the net income of the country, the growth of the country and the total expenses of the country during a particular year.  

Incentive:

Incentive means the amount of money is received by doing the extra work in a particular time period. The person does the extra work only if he gets the extra money in the form of bonuses and extra money.  Sometimes, the person does the extra work as a punishment given by his employer.

If the carrot does not work, try the stick:

The carrot here means the incentive earn by the way of bonus and the extra money. The company offers the carrot, to the employee for completing the task as early as possible. If the employee does not work, then the company provides a stick. Here the stick means the company threats the employee to fire from the company. This also makes employees do more work and efficiency.  

Learn more:

1. Learn more about goods production

https://brainly.com/question/9356259

2. Learn more about demand and supply diagram

https://brainly.com/question/2195487

3. Learn more about trade-offs

https://brainly.com/question/5057443

Answer details:

Grade: Middle School

Subject: Economics

Chapter: Incentives

Keywords:

common saying, best captures, concept, incentives, foundations of economics, threat, bonuses, punishment, employee, employer, company, a quantity of goods and services, fire, work, and efficiency.