substitution

Definition

Related Terms

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

novation

strategic trade...

moral hazard

industrial sour...

subrogation

brand insistenc...

telecommuting

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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 technical substitution

elasticity of technical substitution

substitution effect

import substitution industrialization (ISI)

substitution slope

marginal rate of substitution

import substitution

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