By Kimberly Amadeo. Definition: Silicon Valley is the center for innovative technology companies. It's located in the are around San Francisco, California.It's home to 2,000 tech companies, the densest concentration in the world. This proximity to suppliers, customers, and cutting edge research gives each a competitive advantage.ilicon Valley Companies. The most well-known Silicon Valley companies include Adobe, Apple, Cisco, eBay, Facebook, Google, Hewlett-Packard, Intel, Intuit, Netflix, Oracle, Salesforce.com, Tesla, Twitter, Yahoo! and Zynga.
Math definition of Substitution: Substitution - A strategy for solving systems of equations that include solving for one variable and using that solution to find the other variable. 1  Subject : Math.  Topic : Algebra 2.
The substitution effect. Due to the price of good x increasing, the budget line has pivoted from B1 to B2 and the consumption point has moved. Definition of Substitution effect: If utility held constant, as the price of the good increases, consumers substitute other, now relatively cheaper goods for that one.