substitutability.

The extent to which one input, product or arrangement can replace another for a specified use or function.

Use it for

Words that belong together

• substitutability between inputs
• product substitutability

On the page

Substitutability between inputs depended on the production method rather than price alone.

Product substitutability weakened when buyers required a feature offered by only one supplier.

Usage notes

Primary category: economics / business / social science. Forms: Usually uncountable. Legacy lexical fields mirror sense 1 only. Use numbered sense fields for all meanings. Established modern English lexical item. No separate regional spelling or grammatical inflection entry. Writing functions: economic explanation, resource analysis, incentive analysis, comparison. Disciplines: economics, business, social science. Commonness: uncommon.