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How to pronounce “substitute good”
Hear “substitute good” in real YouTube speech, then study definitions and example sentence snippets.
Pronunciation guide for substitute good
- Learning goal
- Practice the English pronunciation of substitute good with real speech in context.
- Available examples
- 0 YouTube examples
- Definition summary
- (economics) a good that a consumer perceives as similar to another good, which decreases the demand for that other good
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A Deep Dive Into “substitute good”
Meaning
- [Noun]
- (economics) a good that a consumer perceives as similar to another good, which decreases the demand for that other good
Practice Nearby Words
surrogate, inferior good, producer's good, demerit good, normal good, merit good, private good, common good, producer good, equivalent variation, trade-off, composite demand, cross elasticity of demand, value, public good, club good, positional good, comparative advantage, counterchange, counterpurchase, siegel's paradox, snob effect, downtrading, shadow price, product differentiation, barter, economy model, skimpflation, primary goods, counterdemand, capital good, neutral money, red goods, missing market, demand destruction, chrematonym, marginal analysis, marginal utility, transaction utility, cross-price elasticity of demand, veblen good, commodity, exchange value, price scissors, demand, orange goods, supply and demand, static equilibrium, consumer good, bertrand's paradox, countertrade, kind, lipstick effect, switch trading, underconsumption, premium, dollar voting, cover, adverse selection, discretionaries, swap, sideproduct, consumer, quid pro quo, consumer surplus, representative money, comparison shop, switch selling, fill-in, counteradvertising, trade diversion, price signal, non-price competition, metamarket, utile, routine response behavior, partial equilibrium, price level, deflator, concessionality, share economy, competitive market, price elasticity of demand, surcharge, natural price, value for money, cosmetic second, product, middlings, price match, counterparty, special, mudflation, price elasticity of supply, giveback, counter-payment, opportunity cost, supply curve, capital loss, consumption function
Similar Sounds
substituted, substitute, substitutes, substituting, substitution, subsisted, subsidized, subsidised, study guide, sabotaged