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What does substitutable mean?

Looking for the meaning or definition of the word substitutable? Here's what it means.

Adjective
  1. Capable of being used as a substitute; valid as a replacement or alternate item.
  2. Capable of being substituted.
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Examples
I don't think we need to make specific references to substitution or substitutable products.
Seen from the customer angle, the products which fall under such a product market are not substitutable or are only so to a slight extent.
Strategic resources are valuable, rare and imperfectly imitable and substitutable.
Indeed any prohibition must have its own specific justification, which means that it is not possible to rely on bases that are supposedly complementary or partly substitutable.
These issues are source-based taxation, neutrality among substitutable economic returns, and tax consolidation.
He assumes that workers of different types are not easily substitutable for each other, but that immigrants and natives within each category are.

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