substitution

Definition

Related Terms

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

prix fixe

commutation

telecommuting

novation

brand insistenc...

moral hazard

industrial sour...

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Popular 'Economics, Politics, & Society' Terms

immediate family

dislocated worker

business

globalization

marginal benefit

revenue

product

Mentioned in These Terms

marginal rate of substitution

import substitution

elasticity of technical substitution

toxic chemical use substitution

import substitution industrialization (ISI)

technological substitution

marginal rate of technical substitution

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