“Demand for labour is derived”. Explain
Answers
Answered by
1
Explanation:
When producing goods and services, businesses require labor and capital as inputs to their production process. The demand for labor is an economics principle derived from the demand for a firm's output. That is, if demand for a firm's output increases, the firm will demand more labor, thus hiring more staff.
Answered by
1
Answer:
thus the demand for labours is a derived demand from the demand for goods and services
Similar questions