How Consumers Choose Substitutes - Investopedia In economics, products are substitutes if the demand for one product increases when the price of the other goes up Substitutes help create competition and lower prices in the marketplace
SUBSTITUTE | English meaning - Cambridge Dictionary In essence, the new welfare puts the onus of responsibility on recipients rather than government and substitutes an 'obligation' for an 'entitlement' form of provision
Substitute - Definition, Meaning Synonyms | Vocabulary. com Something or someone that takes the place of another is said to be a substitute You may be sent into a game as a substitute for an injured player, or you might substitute chocolate chips for blueberries in a pancake recipe