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substitutability

   Also found in: Medical, Legal, Financial, Idioms, Encyclopedia, Wikipedia 0.01 sec.
sub·sti·tute  (sbst-tt, -tyt)
n.
1. One that takes the place of another; a replacement: "Fantasies are more than substitutes for unpleasant reality" (Barbara Grizzuti Harrison).
2. Grammar A word or construction used in place of another word, phrase, or clause.
v. sub·sti·tut·ed, sub·sti·tut·ing, sub·sti·tutes
v.tr.
1. To put or use (a person or thing) in place of another: "substituting moral power for physical force" (Elizabeth Cady Stanton).
2. Chemistry To replace (one or more elements or radicals in a compound) by other elements or radicals.
v.intr.
To take the place of another: "Only art can substitute for nature" (Leonard Bernstein).

[Middle English, from Old French substitut, from Latin substittus, past participle of substituere, to substitute : sub-, in place of; see sub- + statuere, to cause to stand; see st- in Indo-European roots.]

substi·tuta·bilit·y n.
substi·tuta·ble adj.
ThesaurusLegend:  Synonyms Related Words Antonyms
Noun1.substitutability - exchangeability by virtue of being replaceable
exchangeability, fungibility, interchangeability, interchangeableness - the quality of being capable of exchange or interchange


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But because of nagging concerns u including the relative illiquidity of the DME market, the large share of production held by a single company and the lack of substitutability u traders appear undecided about when such a transition would occur.
But because of nagging concerns - including the relative illiquidity of the DME market, the large share of production held by a single company and the lack of substitutability - traders appear undecided about when such a transition would occur.
In the case of vertical FDI, results show that both the quantitative and qualitative effects of a higher domestic inflation tax on the domestically financed portion of FDI depends on the substitutability of the factors of production.
 
 
 
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