Economics of participation

Economics of participation means how people choose to take part in something, usually based on how much money they can make. For example, if you own a business and you want to hire someone, you will want to know what that person requires in terms of salary or wages. You might also consider other benefits they will receive, such as insurance or vacation time. Economics of participation helps you decide what to offer in order to get the best person for the job. It can also help you understand why people decide to take certain jobs, or why they might choose not to.