Question

What is meant by derived demand of a fator"​

Answer 1

Answer:

In economics, derived demand is demand for a factor of production or intermediate good that occurs as a result of the demand for another intermediate or final good. In essence, the demand for, say, a factor of production by a firm is dependent on the demand by consumers for the product produced by the firm.

Explanation:

Answer 2

Answer:

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Explanation:

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