How do mining rewards and transaction fees incentivize miners?

"Miners initially receive newly issued bitcoins when they successfully seal a block, providing compensation for their equipment, electricity, and computational work. The issuance rate is reduced by half every 210,000 blocks, creating increasing scarcity and gradually reducing the importance of newly created coins as a reward. Transaction fees paid by senders already support some transactions and are expected to become the primary form of miner compensation once new bitcoin issuance ends."