Economy, asked by vezoyi007, 4 months ago

what is meant by derived demand of a factor? explain.

Answers

Answered by hemanthathota

Explanation:

Derived demand—in economics—is the demand for a good or service that results from the demand for a different, or 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.

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