Sometimes the method adopted to solve the problem only adds to more trouble and this is what is called the "cobra effect". It is mentioned in the economy when the efforts made to overcome the recession create new problems. If we talk about the history of the "Cobra Effect", it started from the British rule.
The term “Cobra Effect” originated during the time when India was ruled by the British Government. At that time, the population of cobra snakes in Delhi was quite high and the Britishers were very much afraid of cobras. Therefore, the British government was very much concerned about the increasing number of venomous cobra snakes. So they came up with a plan to eliminate these cobras that those who kill more cobras will be given a good amount in return. That is, a cash incentive scheme was run to reduce the number of venomous cobra snakes.
Initially, this strategy was successful as people killed a large number of snakes for the reward. But this plan turned into trouble for them when some clever people started raising cobra snakes in the greed of earning more money. When the British government investigated the whole matter, they immediately ended this bounty program after knowing the intention of the people. In such a situation, in the absence of money, the snakes became useless and all the people who raised the cobra left them in the open, due to which the population of cobra in Delhi increased even more. Now what does this whole matter makes us understand is that instead of solving the problem, the situation got even worse.
In simple words, the cobra effect occurs when an attempt to solve a problem makes the problem even worse. This is kind of an unintended consequence, and the term is often used in the context of politics and the economy.
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