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I received a fantastic read last evening, from a friend captioned #TheCobraEffect and found it #TooGoodNotToShare
Thanks @Rajesh68058461 for sharing this one ..
Wonder if you’ve heard about it; if not,read on and pass it to your friends if you like it ..
I received a fantastic read last evening, from a friend captioned #TheCobraEffect and found it #TooGoodNotToShare
Thanks @Rajesh68058461 for sharing this one ..
Wonder if you’ve heard about it; if not,read on and pass it to your friends if you like it ..
#TheCobraEffect 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.
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& it became scary for almost everyone to step out of their houses
The govermnt had to take action to stop this menace & it offered a silver coin for every dead cobra.The results were great,a large number of snakes were killed for the reward.
The govermnt had to take action to stop this menace & it offered a silver coin for every dead cobra.The results were great,a large number of snakes were killed for the reward.
