Extrinsic motivation refers to motivation that comes from outside an individual. The motivating factors are external, or outside, rewards such as money or grades. These rewards provide satisfaction and pleasure that the task itself may not provide.
An extrinsically motivated person will work on a task even when they have little interest in it because of the anticipated satisfaction they will get from some reward. For example, an extrinsically motivated person who dislikes math may work hard on a math equation because they want the reward for completing it.
Intrinsic motivation is being motivated by internal factors, as opposed to the external drivers of extrinsic motivation. Intrinsic motivation drives individual to do things just for the fun of it, or because I believe it is a good or right thing to do. For example most people's hobbies are intrinsically motivated
An extrinsically motivated person will work on a task even when they have little interest in it because of the anticipated satisfaction they will get from some reward. For example, an extrinsically motivated person who dislikes math may work hard on a math equation because they want the reward for completing it.
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