more of one good causes the consumer to desire less of the other good. Contrary to complementary goods and independent goods, substitute goods may replace...
24 KB (3,214 words) - 01:49, 29 April 2024
(cricket), in sports Substitute good, in economics, a good that can be used instead of another Ersatz good, in economics, a substitute good, inferior in quality...
3 KB (308 words) - 06:45, 20 February 2023
An ersatz good (German: [ɛɐ̯ˈzats] ) is a substitute good, especially one that is considered inferior to the good it replaces. It has particular connotations...
14 KB (1,619 words) - 03:07, 23 March 2024
The Substitute is a 1996 American action thriller film directed by Robert Mandel and starring Tom Berenger, Ernie Hudson, Marc Anthony, William Forsythe...
13 KB (1,427 words) - 17:02, 9 May 2024
outward; more of each good will be demanded. This is in contrast to a substitute good, whose demand decreases when its substitute's price decreases. When...
10 KB (1,330 words) - 04:54, 5 October 2023
inferior good can be explained by two natural economic phenomena: the substitution effect and the income effect. In economics, inferior good is a good whose...
12 KB (1,393 words) - 00:04, 24 January 2024
goods, as the price of the good rises, the substitution effect makes consumers purchase less of it, and more of substitute goods; the income effect can...
18 KB (2,339 words) - 22:11, 5 May 2024
Wiktionary, the free dictionary. An ersatz good is a substitute good, especially one that is considered inferior to the good it replaces. Ersatz may also refer...
593 bytes (108 words) - 15:05, 20 July 2019
Fungibility (redirect from Fungible good)
to process Eurobonds and build systems. Currency Substitute good, re currency a currency substitution might be dollarization. Interchangeable parts Merriam-Webster...
10 KB (1,299 words) - 21:52, 22 February 2024
The tritone substitution is a common chord substitution found in both jazz and classical music. Where jazz is concerned, it was the precursor to more...
17 KB (1,900 words) - 22:37, 14 March 2024