Question

Read the following passage and answer the questions given below:

Economic motivation is universally and easily available nowadays. It can be given in all sectors. In production sectors more than one such stimulators are used to increase production. Workers and capitalists should work more enthusiastically to increase the production. For that incentive is very useful for such purpose. Desire of power, fame, honest intention of serving, patriotism, such encouragements also motivate human beings to work. These all sources of motivation are mixed more or less in ethical standards of work. Economic motivation is very important motivation. There can be various types of economic motivations. Bonus is given to the workers for the task which is done before deadlines. Sample tasks are considered in the context of the task. Extra allowances or remuneration is given if the production is more than expected and quality is also maintained. This is done so that dissatisfaction does not arise among workers. Such efforts are constantly needed to increase production. The workers can work enthusiastically if the special allowances or incentives are offered. Promotion in job is offered as an encouragement to do good work is also a kind of economic incentive which is commonly used.

1. What is meant by economic motivation? (1)
2. What is the purpose of increasing the production for capitalists? (1)
3. Why special remuneration (bonus) is given? (1)
4. Compare the skilled and unskilled workers in the secondary economic activity. (1)

Answer 1

1. Economic motivation involves inspiring people to work by providing money or material incentives, such as bonuses, allowances, or promotions. These motivations encourage workers and capitalists to work harder and more productively.
2. Capitalists expand production to increase their profits. When workers create more, the total production increases, allowing capitalists to gain more money.
3. A task is completed before the deadline, or Production is more than expected while maintaining good quality.
4. The skilled workers have knowledge of technology, and with no knowledge, it is unskilled workers in economic activity.