substitution

Definition

Related Terms

Replacement item offered as an alternative to, and represented as being equivalent to, an originally specified item.

moral hazard

commutation

strategic trade...

prix fixe

novation

industrial sour...

subrogation

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Popular 'Economics, Politics, & Society' Terms

immediate family

dislocated worker

business

globalization

marginal benefit

revenue

product

Mentioned in These Terms

import substitution industrialization (ISI)

substitution effect

elasticity of substitution

import substitution

technological substitution

toxic chemical use substitution

elasticity of technical substitution

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