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Substitute
(redirected from substitutive)

   Also found in: Dictionary/thesaurus, Medical, Legal, Encyclopedia 0.01 sec.
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.


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Those who seek to turn that procedural law into a substitutive one are actually trying to rewrite the CPA.
Revealed-preferences approaches infer the value of public goods from market transactions with private goods that are complementary or substitutive.
The relationship between monitoring and incentives is viewed as being substitutive mechanisms for controlling the agency problem, with the balance between them being determined by a trade-off in their respective costs or difficulties [Eisenhardt, 1989].
 
 
 
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