Derived demand

id: derived-demand-293-1468138
title: Derived demand
text: In economics, derived demand is demand for a factor of production or intermediate good that occurs as a result of the demand for another intermediate or final good. In essence, the demand for, say, a factor of production by a firm is dependent on the demand by consumers for the product produced by the firm. The term was first introduced by Alfred Marshall in his Principles of Economics in 1890. Demand for all factors of production is considered as derived demand. This is similar to the concept o
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category slug: encyclopedia
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original url: https://en.wikipedia.org/wiki/Derived_demand
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date modified: 2024-01-28T06:53:52Z
main entity: {"identifier":"Q3305667","url":"https://www.wikidata.org/entity/Q3305667"}
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