Substitute

A good or service that satisfies a consumer's needs or desires just as well or almost as well as a similar good or service. A common type of substitute is an off-brand product; for example, a grocery store may sell its own peanut butter to compete with the on-brand peanut butter it also sells. Often, though not always, the price of a substitute is lower than that of the original product, but they follow generally the same trends. For example, if demand for the on-brand peanut butter rises, its price increases, but so does the price of the off-brand peanut butter, because consumers are willing to pay more for peanut butter generally, but are still looking for a bargain.

substitute

See swap.

Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.

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References in periodicals archive

The extension of substitutability concept to nonbioequivalent EQ drugs (introduced by Anvisa's RDC 58/2014) (1) not only loosened safety standards for drug interchangeability but also, what is worse, overlooked the marked health risks posed by switching critical dose drug products which are not bioequivalent.

Nonbioequivalent prescription drug interchangeability, concerns on patient safety and drug market dynamics in Brazil/Intercambialidade de medicamentos nao-bioequivalentes, seguranca do paciente e dinamica do mercado farmaceutico no Brasil

The key is that goods in the same sector exhibit strategic substitutability and goods across sectors (or agreements) are strategically independent.

Does limited punishment limit the scope for cross retaliation?

If capital-labour substitutability increases dramatically, wages may fall a lot.

What robots in the workforce will usher in

We find from this sample that there is still a significant degree of imperfect substitutability between assets and, therefore, the return of bonds to the market would be expected to place downward pressure on prices and upward pressure on yields, equating to a monetary tightening.

The transmission of unconventional monetary policy in UK government debt markets

It was expected that downward-sloping demand curves would be observed, suggesting that as prices go up, less is purchased, and to suggest substitutability between the brands.

Matching, demand, maximization, and consumer choice

In the case of imperfect substitutability, migration can produce price effects.

Migration and welfare

Specifically, the paper answers two questions from a demand analysis: (i) Do prices of VL care determine the utilization of IP and OP care?; and (ii) Is there substitutability of OP care for IP care of VL?

An assessment of a substitute or complement for inpatient and outpatient care of visceral leishmaniasis in Nepal

After 5 lines beginning with "The," introducing nearly metaphorically the metonymic aspirations of the poem, its telling of "glories strung like beads on my smallest sights and hearings," the sixth line adumbrates the next anaphoric chain by starting "The others" and, after asserting a "tie" between temporally isolated others, the stanza ends with that very word "others" on the right margin only to have the poem "cross" the whitespace to find the same word waiting for it on the left, where it will, just like "The," serve as a formal device for introducing the available sites of percepts of place, what Bertrand Russell would later call "sensibilia," or "unsensed sense-data"; the anaphora will then model the substitutability of persons capable of pursuing those percepts.

The rhyme of the left margin