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May 3, 2022 · Learn what a substitute is in economics and consumer theory, and how it affects demand and prices. Find out the difference between perfect and imperfect substitutes, and see some common examples of substitute goods.
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 of substitute.
In 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 consumer to desire less of the other good.
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.
A 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 contexts, but it is perhaps most commonly associated with substitute teachers and players in team sports who replace a player in the game.
verb. 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.
Learn the meaning, pronunciation and usage of the word substitute as a noun in English. Find out how to use substitute in different contexts, such as sports, family or theory, with examples and synonyms.
