Derived demand


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What is derived demand?


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Asked by: 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 ago

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