diminishing substitution

简明释义

替代可能性递减

英英释义

例句

1.In economics, the concept of diminishing substitution refers to the idea that as consumers substitute one good for another, the additional satisfaction gained from each unit decreases.

在经济学中，替代效应递减的概念是指，当消费者将一种商品替代为另一种商品时，从每一单位中获得的额外满足感会减少。

2.A classic example of diminishing substitution is when a person prefers coffee over tea, but after several cups of coffee, they may start to enjoy tea more.

一个经典的替代效应递减例子是，当一个人更喜欢咖啡而不是茶，但喝了几杯咖啡后，他们可能会开始更喜欢茶。

3.When a company introduces a new product, consumers may experience diminishing substitution as they switch from an old favorite to the new option.

当一家公司推出新产品时，消费者在从旧最爱转向新选项时可能会经历替代效应递减。

4.In personal finance, diminishing substitution occurs when individuals replace luxury items with cheaper alternatives, but the enjoyment from the substitutes diminishes over time.

在个人理财中，替代效应递减发生在个人用更便宜的替代品替换奢侈品时，但随着时间的推移，从替代品中获得的享受会减少。

5.The principle of diminishing substitution can be observed in the labor market when workers shift from one job to another and find less satisfaction in the new role.

在劳动市场中，可以观察到替代效应递减的原则，当工人从一份工作转移到另一份工作时，会发现新角色中的满意度降低。

作文

In the realm of economics, the concept of diminishing substitution refers to the phenomenon where the ability to substitute one good for another decreases as more of one good is consumed. This principle is crucial in understanding consumer behavior and market dynamics. When consumers are faced with a choice between two goods, they often start by substituting one for the other based on their preferences and the relative prices of these goods. Initially, this substitution can lead to increased satisfaction or utility. However, as consumers continue to substitute one good for another, the additional satisfaction gained from each unit of substitution tends to decline. This is where the idea of diminishing substitution comes into play. For example, consider a consumer who enjoys drinking coffee and tea. At first, if the price of coffee rises significantly, the consumer may choose to drink more tea instead. The first few cups of tea may provide a high level of satisfaction because they serve as a direct substitute for coffee. However, as the consumer continues to drink tea to replace coffee, the enjoyment derived from each additional cup of tea may decrease. Eventually, the consumer might find that they prefer to have a smaller amount of coffee rather than an excessive amount of tea, illustrating the principle of diminishing substitution. This concept has important implications for businesses and marketers. Understanding that consumers experience diminishing substitution can help companies tailor their products and pricing strategies. For instance, if a company knows that its product is a close substitute for a competing product, it might be cautious about raising prices too much. If consumers switch to the substitute, the original product's demand could fall sharply due to the diminishing substitution effect. Moreover, the principle of diminishing substitution is not limited to just consumer goods. It can also apply to labor and capital in production processes. For instance, if a factory relies heavily on machinery but decides to substitute labor for capital, the effectiveness of this substitution may diminish over time. Initially, adding more workers may increase output significantly, but as more labor is added, the additional output produced by each new worker may decline. This is a classic case of diminishing substitution in production, emphasizing the need for balance in resource allocation. In conclusion, the concept of diminishing substitution is fundamental in both consumer behavior and production theory. It highlights the limitations of substituting one good for another and underscores the importance of understanding consumer preferences and market conditions. By recognizing the effects of diminishing substitution, businesses can make more informed decisions regarding pricing, product development, and resource management. Ultimately, this knowledge can lead to better strategies that align with consumer needs and maximize overall satisfaction in the marketplace.

在经济学领域，替代递减的概念指的是一种现象，即当消费某种商品的数量增加时，用另一种商品替代的能力会降低。这个原则对于理解消费者行为和市场动态至关重要。当消费者面临两种商品的选择时，他们通常会根据自己的偏好和这些商品的相对价格开始进行替代。最初，这种替代可以带来更高的满足感或效用。然而，随着消费者继续用一种商品替代另一种商品，从每单位替代中获得的额外满足感往往会下降。这就是替代递减概念发挥作用的地方。例如，考虑一个喜欢喝咖啡和茶的消费者。起初，如果咖啡的价格大幅上涨，消费者可能会选择多喝茶来替代咖啡。前几杯茶可能提供很高的满足感，因为它们直接替代了咖啡。然而，随着消费者继续喝茶以替代咖啡，从每杯茶中获得的乐趣可能会减少。最终，消费者可能发现他们更愿意喝少量咖啡而不是过量饮用茶，这说明了替代递减的原则。这一概念对企业和市场营销人员具有重要意义。理解消费者经历替代递减的现象可以帮助公司调整其产品和定价策略。例如，如果一家公司知道其产品是竞争产品的紧密替代品，它可能会谨慎地避免过度提高价格。如果消费者转向替代品，原产品的需求可能会因替代递减效应而急剧下降。此外，替代递减的原则不仅限于消费品。它也可以适用于生产过程中的劳动和资本。例如，如果一家工厂严重依赖机器，但决定用劳动替代资本，这种替代的有效性可能会随着时间的推移而降低。最初，增加更多工人可能会显著提高产量，但随着更多劳动的加入，每增加一名工人所产生的额外产出可能会下降。这是生产中替代递减的经典案例，强调了资源配置平衡的必要性。总之，替代递减的概念在消费者行为和生产理论中都是基础性的。它突显了将一种商品替代另一种商品的局限性，并强调了理解消费者偏好和市场条件的重要性。通过认识到替代递减的影响，企业可以在定价、产品开发和资源管理方面做出更明智的决策。最终，这种知识可以导致更好的战略，与消费者需求相一致，并最大化市场整体满意度。