Gracia Gilreath, Epilogue, Question 6

I thought the example that was used to describe the benefit of incentives in the future market was very interesting. It consisted of an act, the Orphan Drug Act, that was passed in 1983 in order to encourage researchers and scientists to find drugs that will either cure or minimize the effect of these many rare diseases of the time. The incentives included research grants, tax credits and rights to sell and price the new-found drugs. Many more drugs for these diseases were discovered and as a result many more rare diseases were able to be fought off. Incentives ultimately encourage increased productivity and can lead to a beneficial result, which can help the market grow in the future.