Elasticity of substitution. Elasticity of substitution is the elasticity of the ratio of two inputs to a production (or utility) function with respect to the ratio of their marginal products (or utilities). In a competitive market, it measures the percentage change in the ratio of two inputs used in response to a percentage change in their prices.
Oracle BPM. Homologation (from the verb homologate, meaning to approve or confirm officially) is the process of certifying or approving a product to indicate that it meets regulatory standards and specifications, such as safety and technical requirements.n English-speaking jurisdictions, homologation is often referred to as type approval or certificate of conformity, because homologating a product entails certifying that it meets the requirements specific to its type.
Definition of HOMOLOGUE. : something (as a chemical compound or a chromosome) homologous.efinition of HOMOLOGUE. : something (as a chemical compound or a chromosome) homologous.