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What does substitutability mean?

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

Noun
  1. The quality of being substitutable; the capacity to be substituted.
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Examples
In addition, they provided information on the supply-side substitutability of these products.
Sappho moves towards the abstract by employing the substitutability of things, people, shops.
There is therefore some supply-side substitutability from one line of service to another.
The substitutability principle is none other than a generalization of the very notion of tropology.
Nonetheless, the degree of substitutability appears to be sufficient to warrant a broad market definition.
Sisal and synthetic fibres have a certain degree of substitutability for uses in agriculture.

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