distinguish between derive and demand?
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Direct demand is demand for a final good. ... In this example, the demand for wood is dependent on the demand for its uses. Derived demand is similar to joint demand because of their connection to other products. It is different from joint demand because it is dependent on the final product to generate a need.
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Explanation:
The principles of derived demand work in both directions. If the demand for a product decreases, then the demand for the goods required to produce that product will also decrease.
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