bn:03162468n
Noun Concept
Categories: Perfect competition, Goods, Utility function types, Consumer theory, long volume value
EN
substitute good  Good substitution  Competitive demand  perfect substitute  perfect substitutes
EN
In microeconomics, two goods are substitutes if the products could be used for the same purpose by the consumers. Wikipedia
English:
economics
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EN
In microeconomics, two goods are substitutes if the products could be used for the same purpose by the consumers. Wikipedia
Economics concept of goods considered interchangeable Wikidata
A good that a consumer perceives as similar to another good, which decreases the demand for that other good. Wiktionary