History of Economic Ideas
Unintended consequences refer to outcomes that are not the ones foreseen or intended by a purposeful action. In economic theory and practice, this concept highlights the complex relationship between policies or decisions made by individuals or governments and their actual effects on the economy, which may diverge significantly from expected results. Understanding unintended consequences is crucial for analyzing how theoretical models apply to real-world scenarios, as actions can lead to surprising and often problematic results.
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