Purchase Solution

Derived Demand

Not what you're looking for?

Ask Custom Question

I need help understand What does it mean to say that the demand for resources
is a derived demand? Is the demand for all goods and
services a derived demand?

Purchase this Solution

Solution Summary

Derived Demand

Solution Preview

A demand is called derived demand when this good is used due to producing other goods. For example labour is a derived demand because nobody ...

Purchase this Solution


Free BrainMass Quizzes
Basics of Economics

Quiz will help you to review some basics of microeconomics and macroeconomics which are often not understood.

Elementary Microeconomics

This quiz reviews the basic concept of supply and demand analysis.

Pricing Strategies

Discussion about various pricing techniques of profit-seeking firms.

Economic Issues and Concepts

This quiz provides a review of the basic microeconomic concepts. Students can test their understanding of major economic issues.

Economics, Basic Concepts, Demand-Supply-Equilibrium

The quiz tests the basic concepts of demand, supply, and equilibrium in a free market.