Respuesta :
The private goods are produced for earning profit whereas the public goods are produced for society's welfare.
What is meant by incentive?
The incentive is the amount of gain earned by the entrepreneurs after selling off their manufactured products.
The monetary incentive earned from the production of private goods is considered as profit or gains. These are usually done by private production firms. The non-monetary incentive can be an incentive in-kind which is earned by public enterprises by producing the public goods.
Therefore, the nature of incentives used by both the public and private goods.
Learn more about the incentives in the related link:
https://brainly.com/question/12530175
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