substitution goods

substitution goods

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взаимозаменяемые, равнозначные товары: товары или услуги, которые настолько взаимосвязаны, что рост спроса на один из них ведет к повышению цены на второй; см. cross-elasticity of demand.

Англо-русский экономический словарь.

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Смотреть что такое "substitution goods" в других словарях:

  • Substitution Effect — The idea that as prices rise (or incomes decrease) consumers will replace more expensive items with less costly alternatives. Conversely, as the wealth of individuals increases, the opposite tends to be true, as lower priced or inferior… …   Investment dictionary

  • Import substitution industrialization — (also called ISI) is a trade and economic policy based on the premise that a country should attempt to reduce its foreign dependency through the local production of industrialized products. Adopted in many Latin American countries from the 1930s… …   Wikipedia

  • Marginal rate of substitution — In economics, the marginal rate of substitution is the rate at which a consumer is ready to give up one good in exchange for another good while maintaining the same level of utility. Contents 1 Marginal rate of substitution as the slope of… …   Wikipedia

  • Constant elasticity of substitution — In economics, Constant elasticity of substitution (CES) is a property of some production functions and utility functions. More precisely, it refers to a particular type of aggregator function which combines two or more types of consumption, or… …   Wikipedia

  • elasticity of substitution — elasˌticity of substiˈtution noun [uncountable] ECONOMICS the degree to which one input can be replaced by another. For example, in producing goods, if the cost of wages increases and the cost of machinery and capital used to pay for it stays the …   Financial and business terms

  • Marginal Rate of Substitution — The rate at which an individual must give up “good A” in order to obtain one more unit of “good B”, while keeping their overall utility (satisfaction) constant. The marginal rate of substitution is calculated between two… …   Investment dictionary

  • Import Substitution Industrialization (ISI) — An economic theory employed by developing or emerging market nations that wish to increase their self sufficiency and decrease their dependency on developed countries. Implementation of the theory focuses on protection and incubation of domestic… …   Investment dictionary

  • palming off goods — The substitution by a dealer of his own or another s goods in the place of those called for by the purchaser, the substitution being made without the latter s consent. 52 Am J1st Tradem § 123 …   Ballentine's law dictionary

  • import substitution —   the establishment and/or explicit government support for an industry producing goods that were formally exclusively, or nearly exclusively, imported. Usually used in the ELDW to try and add value to domestic raw materials and reduce the flow of …   Geography glossary

  • import-substitution industrialization — An economic strategy aimed at encouraging national industrial growth so as to reduce imports of manufactured goods. It was associated with the United Nations Commission for Latin America and put into practice during the 1960s. It is now generally …   Dictionary of sociology

  • Economy of Iran — The economy of Iran is a transition economy where a continuing strong labour force growth unmatched by commensurate real economic growth is driving up unemployment to a level considerably higher than the official estimate of 11%. [… …   Wikipedia

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