Hope you know
about a term named Cobra Effect?
If not, it’s
time that you learn about it.
The Cobra
Effect is a term in economics. It refers to a situation when an attempted
solution to a problem makes the problem worse.
This name was
coined based on an incident in old colonial India.
By some
reasons, there were too many venomous cobra snakes in Delhi. People were dying
due to snake-bites and it became scary for almost everyone to step out of their
houses.
The government
of the day had to get into action to stop this menace and it offered a silver
coin for every dead cobra. The results were great, a large number of snakes
were killed for the reward.
Eventually,
however, it led to some serious unwanted consequences. After a short-term dip
in cobra population, it started going up.
