what is a substitute - PrivacyWall

https://dictionary.cambridge.org/dictionary/english/substitute

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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.

https://www.investopedia.com/terms/s/substitute.asp

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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.

https://www.merriam-webster.com/dictionary/substitute

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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.

https://marketbusinessnews.com/financial-glossary/substitute-good...

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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.

https://corporatefinanceinstitute.com/resources/economics/substit...

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Substitute Products - Definition, Impact, Factors

Substitute products offer consumers choices when making purchase decisions by providing equally good alternatives, thus increasing utility. However, from a company’s perspective, substitute products create a rivalry.

https://www.dictionary.com/browse/substitute

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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.

https://www.britannica.com/dictionary/substitute

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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.

https://boycewire.com/substitute-goods-definition/

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Substitute Goods: What it is, Types & Examples - BoyceWire

There exist two types of substitute goods, namely direct and indirect substitutes. A direct substitute is a scenario where two commodities can be interchanged without difficulty, such as Pepsi and Cola. On the other hand, an indirect substitute is a situation where two goods can be replaced by each other, but with a low level of correlation.

https://online.hbs.edu/blog/post/complements-vs-substitutes

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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.

https://www.economicshelp.org/blog/glossary/substitute-goods/

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Substitute Goods - Economics Help

Definition of substitute goods - two alternative goods that could be used for the same purpose. Cross elasticity of demand for substitutes. Examples and S+D diagrams.

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