substitution

Definition

Related Terms

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

industrial sour...

novation

strategic trade...

telecommuting

prix fixe

moral hazard

brand insistenc...

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Popular 'Economics, Politics, & Society' Terms

immediate family

dislocated worker

business

globalization

marginal benefit

revenue

product

Mentioned in These Terms

elasticity of substitution

marginal rate of technical substitution

import substitution industrialization (ISI)

elasticity of technical substitution

substitution slope

technological substitution

import substitution

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