What is Cobra Effect?| Why Economists Are Afraid of it? | Profit Urdu

By Profit Urdu

The Cobra Effect refers to the unintended negative consequences of an incentive that was designed to improve society or individual well-being. The term derives from an attempt to eradicate snakes in India, wherein people bred cobras to collect rewards for their capture.

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What is Cobra Effect?| Why Economists Are Afraid of it? | Profit Urdu

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