What is another word for substitute good?
Pronunciation: [sˈʌbstɪtjˌuːt ɡˈʊd] (IPA) 
A substitute good is a product or service that can be used as an alternative to another product or service. The term substitute good is often used in economics to describe how consumers react to changes in the price of a particular product. There are several synonyms for substitute good, including replacement good, alternative, and stand-in. A replacement good is a product that consumers can use in lieu of a particular item, while an alternative simply refers to another option. A stand-in can be used interchangeably with a substitute good or alternative. Regardless of the synonym used, a substitute good is often considered an important concept in consumer behavior and economics.
