Define direct demand.
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Goods that yield direct satisfaction to the consumers are said to have a direct demand.
Direct demand refers to demand for goods meant for final consumption; ...
Direct demand refers to demand for goods meant for final consumption; it is the demand for consumers' goods like food items, ready made garments and houses. ... Thus the demand for an input or what is called a factor of production is a deriveddemand; its demand depends on the demand for output where the input enters.
Direct demand refers to demand for goods meant for final consumption; ...
Direct demand refers to demand for goods meant for final consumption; it is the demand for consumers' goods like food items, ready made garments and houses. ... Thus the demand for an input or what is called a factor of production is a deriveddemand; its demand depends on the demand for output where the input enters.
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Definition of direct demand is as follows:
- For final consumption there are some demands of good, that is called direct demand.
- Ready made garments, foods and house are included in this.
- Factor of production demands the output though which the input enters.
- This is also known as autonomous demand. It shows the relationship between product price and quantity, in condition of constant variable.
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