An "incentive" is some advantage (lower taxes, cheaper land, access to resources or market, etc.) that a government can offer to a business or a type of businesses to encourage the growth and spread of business in their area.

An "incentive" is some advantage (lower taxes, cheaper land, access to resources or market, etc.) that a government can offer to a business or a type of businesses to encourage the growth and spread of business in their area.

To barter is to exchange goods or services with someone else without the use or exchange of money. Throughout human history, bartering has been a common means by which goods are exchanged between individuals or social groups.

To barter is to exchange goods or services with someone else without the use or exchange of money. Throughout human history, bartering has been a common means by which goods are exchanged between individuals or social groups.

Adam Smith was a British economist and writer in the eighteenth century. He was a famous advocate of laissez-faire capitalism (the idea that the government should have minimal interference in the economy). His most famous work, The Wealth of Nations, remains influential to this day, and is something of a shrine to free-market capitalism.

Adam Smith was a British economist and writer in the eighteenth century. He was a famous advocate of laissez-faire capitalism (the idea that the government should have minimal interference in the economy). His most famous work, The Wealth of Nations, remains influential to this day, and is something of a shrine to free-market capitalism.

Mercantilism was the prevailing economic theory of the sixteenth and seventeenth centuries of European history. It was gradually replaced by free-market capitalism in the eighteenth and nineteenth centuries as, essentially, the European nations realized they could make even more money this way. In the mercantilist system, the primary economic goal of government was to establish trade monopolies and colonies to help with the redistribution of wealth and resources back to the mother country. Mercantilism was particularly influential in the histories of the Dutch, French, English, and Spanish Empires.

Mercantilism was the prevailing economic theory of the sixteenth and seventeenth centuries of European history. It was gradually replaced by free-market capitalism in the eighteenth and nineteenth centuries as, essentially, the European nations realized they could make even more money this way. In the mercantilist system, the primary economic goal of government was to establish trade monopolies and colonies to help with the redistribution of wealth and resources back to the mother country. Mercantilism was particularly influential in the histories of the Dutch, French, English, and Spanish Empires.

The law of supply and demand states that if the supply of something goes up and the demand for something goes down, then the price will fall significantly. A surplus means having more of something than is needed. For example, a company produces 100,000 dolls for the holiday season. There is a demand for only 20,000 at the price for which the company wants to sell them. This leaves a surplus of 80,000. If the company wants to increase the demand for the rest of the dolls they will have to lower the price they are willing to sell them at dramatically. This is the law of supply and demand.

The law of supply and demand states that if the supply of something goes up and the demand for something goes down, then the price will fall significantly. A surplus means having more of something than is needed. For example, a company produces 100,000 dolls for the holiday season. There is a demand for only 20,000 at the price for which the company wants to sell them. This leaves a surplus of 80,000. If the company wants to increase the demand for the rest of the dolls they will have to lower the price they are willing to sell them at dramatically. This is the law of supply and demand.