Derived demand
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Samuel Torimiro | April 7, 2023, 2:53 p.m.
Samuel Torimiro | April 7, 2023, 2:53 p.m.
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Derived demand is demand for a factor of production or intermediate good that occurs as a result of the demand for another intermediate or final goods. E g Demand for labour, there is demand for labor because of what it will contribute to the production process and not for its sake.
Answered by:
Adetipe Toluwalope Adeleke | 1 year, 8 months ago
Adetipe Toluwalope Adeleke | 1 year, 8 months ago
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