Substitute Definition - Investopedia
WEBUpdated May 03, 2022. Reviewed by. Robert C. Kelly. Fact checked by Kirsten Rohrs Schmitt. What Is a Substitute? A substitute, or substitutable good, in economics and consumer theory refers...
Substitute Definition & Meaning - Merriam-Webster
WEB1. a. : to put or use in the place of another. b. : to introduce (an atom or group) as a substituent. also : to alter (something, such as a compound) by introduction of a …
Substitute good - Wikipedia
WEBIn microeconomics, substitute goods are two goods that can be used for the same purpose by consumers. [1] . That is, a consumer perceives both goods as similar or comparable, so that having more of one good causes the …
SUBSTITUTE | English meaning - Cambridge Dictionary
WEBto perform the same job as another thing or person or to take their place: Gas-fired power stations will substitute for less efficient coal-fired equipment. See more. Fewer …
SUBSTITUTE Definition & Meaning | Dictionary.com
WEBA substitute is someone or something that takes the place of another person or thing. As a verb, to substitute means to make such a switch. Substitute is used in a variety of …
Substitutes Economics
WEBDec 14, 2023 · What are Substitutes? Substitutes or substitute goods refer to the products that are used as alternatives to each other. These are alternatively demanded goods that satisfy the same need or want. In simple words, a substitute good is a product or service that is used in place of another. Examples.
substitute noun - Definition, pictures, pronunciation and usage …
WEBsubstitute. noun. /ˈsʌbstɪtjuːt/. /ˈsʌbstɪtuːt/. a person or thing that you use or have instead of the one you normally use or have. a meat substitute. a substitute family. substitute for somebody/something Paul's father only saw him as a substitute for his dead brother.
Substitute - Definition, Meaning & Synonyms | Vocabulary.com
WEBverb. put in the place of another; switch seemingly equivalent items. “ substitute regular milk with fat-free milk” synonyms: exchange, interchange, replace. see more. verb. be a substitute. “The young teacher had to substitute for the sick colleague” “The skim milk substitutes for cream--we are on a strict diet” synonyms: fill in, stand in, sub.
SUBSTITUTE definition and meaning | Collins English Dictionary
WEB2 days ago · A substitute is something that you have or use instead of something else. She is seeking a substitute for the very person whose departure made her cry. ...tests on humans to find a blood substitute made from animal blood. Synonyms: replacement, reserve, equivalent, surrogate More Synonyms of substitute.
Substitute Goods - Economics Help
WEBDefinition of substitute goods – Substitute goods are two alternative goods that could be used for the same purpose. Two phones – one Android (HTC) one iPhone (Apple). In one sense they are close substitutes but to some consumers entirely different. Substitutes present the consumer with alternative choices.
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