substitution

Definition

Related Terms

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

commutation

novation

telecommuting

moral hazard

subrogation

satisfaction

strategic trade...

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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)

technological substitution

elasticity of technical substitution

import substitution

marginal rate of technical substitution

marginal rate of substitution

substitution effect

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