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SUBSTITUTE | English meaning - Cambridge Dictionary
Learn the meaning of substitute as a verb and a noun in English, with synonyms, related words, and usage examples. Find out how to use substitute in sports, cooking, business, and more.
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Substitute Definition - Investopedia
A substitute is a product or service that can be used in place of another by consumers. Learn how substitutes affect demand, price and competition in different markets and industries.
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SUBSTITUTE Definition & Meaning - Merriam-Webster
Learn the noun and verb meanings of substitute, a word that can mean a person or thing that replaces another, or to put or use something in place of another. See synonyms, examples, word history, and related phrases.
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What are substitute goods? Definition and examples - Market Business News
Substitute goods are products that can satisfy the same customer needs as each other, such as Coke and Pepsi. Learn how substitute goods influence consumer behavior, pricing, and various industries, and how digital platforms have expanded the scope of substitutes.
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SUBSTITUTE Definition & Meaning - Dictionary.com
Learn the meaning and usage of the word substitute, which can be a noun, verb or adjective. Find out how to use substitute in different contexts, such as grammar, sports, chemistry and more.
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Substitute Goods: What it is, Types & Examples - BoyceWire
A substitute good can refer to both physical products and services, as it is any product or service that can be used in place of another. For instance, if the price of one product increases, consumers may opt for a substitute that is cheaper or more accessible.
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Substitute Definition & Meaning | Britannica Dictionary
When learning a language, there is no substitute for living among native speakers. Watching the movie is a poor substitute for reading the book. Gonzales came on as a substitute [= replacement] during the second half. You can sometimes substitute applesauce for vegetable oil in cake recipes.
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Complements vs. Substitutes: What's the Difference?
What Is a Substitute Good or Service in Business? A substitute has the opposite effect of a complement; it’s a product or service that decreases a customer’s WTP for another company’s product or service. An everyday example is technology since it’s a cost-efficient substitute for human labor.
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Substitute Definition & Meaning - YourDictionary
Learn the meaning of substitute as a noun, verb and adjective, with synonyms, antonyms and examples. A substitute is a person or thing that serves or is used in place of another.
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Substitute Products - Definition, Impact, Factors
A substitute product is one that serves the same purpose as another product in the market. Getting more of one commodity allows a consumer to demand less of the other product. The demand for substitute products shows a negative correlation. That is, consumption of one product reduces or replaces the need for the other.