Explore BrainMass

Derived Demand

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?

© BrainMass Inc. brainmass.com June 23, 2018, 1:52 pm ad1c9bdddf

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 ...

Solution Summary

Derived Demand