Constant returns to scale refers to that type of long-run production which explains that when the output increases in the same proportion in which all the inputs are increased. #EconomicTimes #economics

The Exogenous growth model is a part of neoclassical economic theory which explains that macroeconomic factors are important catalyst to drive the economic growth rate in the economy #economics #EconomicTimes

According to neoclassical economics market failure is a situation in which allocation of goods & services by free market forces is not Pareto efficient, hence leading to net loss of economic value.

Actor Richa Chadha apologises amid backlash over "Galwan says hi" tweet, now deleted

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