asked 191k views
2 votes
What is Derived Demand ( this is an economics question)

2 Answers

5 votes
Derived Demand a need or want for a service,commodity,etc.., That is  a consequence of the demand for something else.
answered
User Tiago Fabre
by
8.4k points
7 votes
Derived demand is a term used in the economic analysis that describes the demand placed on one good or service as a result of changes in the price for some other related good or service. It is a demand for some physical or intangible thing where a market exists for both related goods and services in question.
answered
User Nanakondor
by
8.3k points

No related questions found

Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.