substitution effect
Смотреть что такое "substitution effect" в других словарях:
substitution effect — ➔ effect * * * substitution effect UK US noun [S] ECONOMICS, COMMERCE ► the effect of a change in the price of a product or service, which encourages customers to buy another product or use another service instead … Financial and business terms
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
substitution effect — /ˌsʌbstɪ tju:ʃ(ə)n ɪˌfekt/ noun the extent to which consumers will change from one product to another when the price of the product rises … Marketing dictionary in english
effect — ▪ I. effect ef‧fect 1 [ɪˈfekt] noun 1. [countable, uncountable] the way in which an action, event, or person changes someone or something: • Inflation is having a disastrous effect on the economy. demonˈstration efˌfect [singular] … Financial and business terms
Substitution bias — describes a bias in economics index numbers arising from tendency to purchase inexpensive alternatives for expensive items when prices change.Substitution bias occurs when two or more items experience a change of price relative to each other.… … Wikipedia
substitution — [sub΄stə to͞o′shən, sub΄stətyo͞o′shən] n. the substituting of one person or thing for another substitutional adj. substitutionary * * * sub·sti·tu·tion (sŭb stĭ to͞oʹshən, tyo͞oʹ ) n. 1. a. The act or an instance of substituting. b. The state of… … Universalium
Substitution model — A substitution model describes the process from which a sequence of characters of a fixed size from some alphabet changes into another set of traits. For example, in cladistics, each position in the sequence might correspond to a property of a… … Wikipedia
substitution by will — The effect of a clause in a will whereby the testator provides for the replacement of the beneficiary of a particular bequest by another person, or the replacement of a bequest to a designated beneficiary by another bequest to or in favor of the… … Ballentine's law dictionary
Substitution box — In cryptography, a substitution box (or S box) is a basic component of symmetric key algorithms. In block ciphers, they are typically used to obscure the relationship between the plaintext and the ciphertext mdash; Shannon s property of confusion … Wikipedia
substitution therapy — treatment by providing a less harmful alternative to a drug or remedy that a patient has been receiving. It is used when the patient has become addicted to a drug or is placing too much reliance upon a particular remedy. The patient is weaned off … Medical dictionary
substitution therapy — treatment by providing a less harmful alternative to a drug or remedy that a patient has been receiving. It is used when the patient has become addicted to a drug or is placing too much reliance upon a particular remedy. The patient is weaned off … The new mediacal dictionary