The present paper seeks to correct the inconsistencies of the three terms: (i) "elasticity of substitution" (ES), (ii) "substitution curve" (SC), and (iii) "marginal rate of substitution" (MRS). Such inconsistencies persist since their introduction in the 1930s. The correction of …

We are far away from balanced regional development, which is one of the objectives of our Five Year Plans since Independence. Even after one decade of completion of the 21st century, we have been unable to achieve the objectives of …

The existing literature suggests that there is some relationship between population ageing and economic development; as population ageing is faster in developed countries relative to the developing countries. The authors in the paper tried to explore this fact in the …

The SEZ Act, 2005 was promoted in India with the prime objective of acceleration of industrialization, and in turn, enhancing the employment opportunities available to people. There is a big controversy over the activities of SEZs in India. Many of …