Examples of 'perfect substitutes' in a sentence
Meaning of "perfect substitutes"
perfect substitutes: This term refers to goods or services that can be used or consumed interchangeably, as they provide the same utility or satisfaction to the consumer. In economics, perfect substitutes have identical characteristics and are considered equal in terms of fulfilling a particular need or desire
How to use "perfect substitutes" in a sentence
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perfect substitutes
Commodities seems to be perfect substitutes of each other.
Perfect substitutes for each other.
Greenbacks were therefore perfect substitutes for gold coins.
Goods that are completely substitutable with each other are called perfect substitutes.
They are not perfect substitutes for one another.
Their products are almost perfect substitutes.
The perfect substitutes.
Hence these products are perfect substitutes.
Are not perfect substitutes.
A perfectly elastic good would be where there is perfect substitutes.
Products are perfect substitutes.
Capital mobility is less than perfect and all securities are perfect substitutes.
The two types of energy are perfect substitutes in production.
Writeable compact disks from different manufacturers are often considered to be perfect substitutes.
Needed is not perfect substitutes.
See also
In particular, goods produced domestically and imported goods need to be seen as perfect substitutes.
This is perfect substitutes.
Orange juice and apple juice are known to be perfect substitutes.
So you can find perfect substitutes that you did not have.
O Public and private health care sectors are not perfect substitutes for one another.
A perfectly elastically demanded good would be one where there are, essentially, perfect substitutes.
That means these products are not perfect substitutes of one another.
In fact, sometimes two goods are considered to be perfect substitutes.
Therefore, the units are perfect substitutes of each other.
So this is what perfect complements would look like . This is perfect substitutes.
In reality, they are not likely perfect substitutes for all end users.
Therefore, the two products are no longer perfect substitutes.
Thus, the income-consumption curve for the perfect substitutes X1 and X2 will be the horizontal axis.
However, within this area, they could be considered as perfect substitutes.
The products are not perfect substitutes.
Thus, money and interest-bearing assets are seen as perfect substitutes.
They are essentially perfect substitutes.
Items may have substitutes of varying quality, ranging from perfect substitutes to loose ersatz.
Homogenous products - The products are perfect substitutes for each other.
Government bonds of the same maturity and risk would become perfect substitutes across the Community.
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Examples of using Substitutes
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Wood and substitutes in relation to other sectors
New information on possible substitutes becomes available
Substitutes available in market and commonly used
