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

- Advertisement -

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisement -

Must Read

Govt port charges being collected from importers despite waiver

PESHAWAR: Despite the government’s announcement to waive all charges on containers that have been stranded at the port, the Pakistan Shipping Corporation has directed...