Asked by
Lindzie Rodriguez
on Nov 26, 2024
Verified
The demand for a resource is a derived demand based on the demand for the product it helps to produce.
Derived Demand
Demand for a factor of production or good that results from the demand for another related good or service.
- Acquire insight into the idea of derived demand and its association with the requisites for resources such as labor and capital.
Verified Answer
DJ
Learning Objectives
- Acquire insight into the idea of derived demand and its association with the requisites for resources such as labor and capital.