substitution

Definition

Related Terms

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

commutation

moral hazard

telecommuting

satisfaction

novation

industrial sour...

prix fixe

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Popular 'Economics, Politics, & Society' Terms

immediate family

dislocated worker

business

globalization

marginal benefit

revenue

product

Mentioned in These Terms

technological substitution

elasticity of substitution

marginal rate of substitution

substitution slope

toxic chemical use substitution

import substitution industrialization (ISI)

elasticity of technical substitution

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