Every action has consequences … and those consequences have consequences … which also have consequences … simple concept, easy definition. Second and Third Order consequences … I read a great article about this earlier today.
Lets take a prolonged drought for instance. They have far reaching consequences beyond the obvious ones.
- First Order – As a result of a drought, crops fail.
- Second Order – The crop failures lead to farm foreclosures.
- Third Order – The farm foreclosures result in out migration to the cities.