substitute goods Meaning in the Cambridge English Dictionary Cambridge dictionaries logo

Meaning of “substitute goods” in the English Dictionary

"substitute goods" in Business English

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substitute goodsnoun [plural]

uk   us   ECONOMICS, COMMERCE
products that can satisfy some of the same ​customerneeds as each other: Butter and margarine are classic ​examples of ​substitutegoods.
(Definition of substitute goods from the Cambridge Business English Dictionary © Cambridge University Press)
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