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Ersatzniveau

Ersatzniveau is a German-language term meaning replacement level or substitute level. It combines Ersatz (substitute) and Niveau (level or standard) and is used across several disciplines to denote a benchmark or threshold at which a substitute becomes acceptable or preferable to the original.

In economics and consumer theory, the term can describe the price or utility level at which consumers

Etymology: the word is formed from Ersatz (substitute) and Niveau (level). The exact interpretation of Ersatzniveau

See also: Ersatz, Niveau, Lohnersatzleistung, Ersatzteil.

switch
from
a
product
to
a
substitute.
It
helps
explain
substitution
effects
that
occur
when
relative
prices
or
qualities
change.
In
social
policy
and
labor
economics,
Ersatzniveau
occasionally
appears
in
discussions
of
compensation
or
benefits
that
replace
lost
earnings,
with
the
term
signaling
the
minimum
level
of
income
or
support
deemed
adequate
in
a
given
context.
In
cultural
or
media
contexts,
the
phrase
may
be
used
more
metaphorically
to
indicate
a
substitute
that
stands
in
for
a
“genuine”
experience
or
artifact.
varies
by
field
and
context,
and
in
English-language
discussions
equivalent
phrases
such
as
replacement
level
or
substitution
level
are
often
used.