substitute good

noun

a good that a consumer perceives as similar to another good, which decreases the demand for that other good

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Meanings

nounsubstitute good (plural substitute goods)

plural substitute goods

  1. economicsa good that a consumer perceives as similar to another good, which decreases the demand for that other good
Cite this entry
APA

substitute good. (n.d.). In WatkinsX Dictionary. Retrieved November 4, 2026, from https://dictionary.watkinsx.com/word/substitute%20good

MLA

“substitute good.” WatkinsX Dictionary, https://dictionary.watkinsx.com/word/substitute%20good. Accessed November 4, 2026.

Chicago

WatkinsX Dictionary, s.v. “substitute good,” accessed November 4, 2026, https://dictionary.watkinsx.com/word/substitute%20good.

Source: substitute good on Wiktionary, CC BY-SA 4.0.