Over the last 100 years studies on conducting polymers, better known as polyelectrolytes (PEs)have been intensive. Physicochemical properties of PE solutions have been studied for several decades, but a satisfactory and quantitavive theoretical explanation for the complex behaviour of PEs solution is still awaited. therefore present treatment of the PE behaviour is incomplete and that some fundamental new views are required to gain a full understanding. Keeping in view of widening fields of applications based on the specific properties of the PEs, it, thus, appears that the situation is far...