Substitute Goods And Complementary Goods. The major difference in both terms is that substitute goods are independent of each other whereas complementary goods are inter dependent on each other. If price of one good decreased the demand would.
If price of one good decreased the demand would. On the other hand complementary goods are two or more. Substitute goods a complementary good or service is an item used in conjunction with another good or service.
The major difference in both terms is that substitute goods are independent of each other whereas complementary goods are inter dependent on each other.
Usually the complementary good has little to. On the other hand complementary goods are two or more. Substitutes are those goods that serve the same purpose as the original and can be used as an alternative. They are goods that are in competitive demand a rise in.
