substitution

Definition

Related Terms

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

commutation

moral hazard

brand insistenc...

subrogation

novation

strategic trade...

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

import substitution

elasticity of technical substitution

marginal rate of technical substitution

substitution effect

toxic chemical use substitution

technological substitution

import substitution industrialization (ISI)

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