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because the demand comes from end user
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Why is the demand for labor referred to as a derived demand?
Derived demand results from a demand for increase in intermediates goods or production resulting from another demand resulting for final or intermediate goods. For example, a demand for an item can make its production increase, which makes its labor increase.
What is meant by derived demand and how does this demand characteristic impact freight demand?
Derived demand is the demand to transport goods or services to location depend on demand to consume a goods or services to location. Freight of product is derived from the customer demand of product.
Why shipping is a derived demand?
Shipping is derived from the demand for transportation of goods, etc.
Where is business demand often derived?
The nature of the demand for products differs from consumer demand because it is often derived from consumer demand.
What is autonomous demand and derived demand?
demand which is demand which is depend on the purchase of the final product,its called derived demand.eg:purchase of thed fuel for the car.i.e car is the main or final product and fuel is derived product.raw material for the production of the fimal product.or machinary. autonomous demand is independent of the other product or main product.its not linked or tie-up with the other goods or commodity.eg: food artical,cloths. vijay mahajan
What is an example for derived demand?
Derived demand comes from demand for another product. For example, if coal is in high demand, then there will be derived demand for mining. Another example: A farmer grows crops. In order to grow crops he needs fertilizer. Therefore, the amount of fertilizer he needs to buy, will derive from the amount of crops he needs to grow. Basically, derived demand comes as a result of demand for something else.
What are the types of demand?
interrelated demand joint/complement demand competitive derived composite independent
Demand for one good or service that is determined by demand for another good or service is?
derived demand
Demand for one good or service that is determined by demand for another good or service is .?
derived demand
Why is the demand of labor a derived demand?
labor demand is said to be derived demand because it is derived from the output levels in the goods market, which contribute to employers revenue and hence profit. one important thing is that, it is a means to an end. that is something employers look out for to enhance production.
What is an example for demand?
Derived demand comes from demand for another product. For example, if coal is in high demand, then there will be derived demand for mining. Another example: A farmer grows crops. In order to grow crops he needs fertilizer. Therefore, the amount of fertilizer he needs to buy, will derive from the amount of crops he needs to grow. Basically, derived demand comes as a result of demand for something else.
Is buy car derived demand?
buy car is it example to derived proutct
