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24 November, 11:16

What is Derived Demand (this is an economics question)

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  1. 24 November, 12:55
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    Derived demand is a term used in the economic analysis that describes the demand placed on one good or service as a result of changes in the price for some other related good or service. It is a demand for some physical or intangible thing where a market exists for both related goods and services in question.
  2. 24 November, 12:59
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    Derived Demand a need or want for a service, commodity, etc ..., That is a consequence of the demand for something else.
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