answersLogoWhite

0

Derived demand in transport refers to the concept that the demand for transportation services is driven by the need for goods and services to be moved rather than a desire for transportation itself. For example, if a company needs to ship products to customers, the demand for trucks or shipping services arises from the need to deliver those products, not from a direct desire for the transport vehicles. This relationship highlights how transport demand is closely linked to economic activities and consumer needs.

User Avatar

AnswerBot

1d ago

What else can I help you with?

Continue Learning about Economics

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.


What are the factors responsible for excess of demand for electricity?

It has satellite towns like Noida, Ghaziabad, Greater Noida, etc. that are emerging as new industrial hubs; therefore there is growing demand for infrastructure facilities like power, transport, health, education, road, shopping malls, multiplexes, etc. in these cities. These are all factors responsible for excess of demand for electricity.


What is Joint Demand and Composite Demand?

Joint DemandWhen two or more goods are demanded to satisfy the same want, it is called JOINT DEMAND. A good example of joint demand would be a demand for sugar, coffee powder and milk to produce coffee. Another example can be a demand for car and petrol to fulfill the same desire, i.e transport. Note that the goods demanded are not substitutes for each other, but complement each other.Composite DemandWhen a particular commodity is demanded to be put to multiple uses, it is called COMPOSITE DEMAND.An example of composite demand is the demand for water, which can be put to uses such as cooking, cleaning, drinking, etc. Demand for cow can also be considered composite demand, as the hide, milk and meat are all useful to a consumer


What is the price of stoli?

As much as the business selling it charges. Prices will vary due to supply and demand, tariffs and importation costs, transport fees, delivery fees, and retailer markups.


Different states of demand?

Negative demand No demand Latent demand Declining demand Irregular demand Full demand Overfull demand Unwholesome demand