derived demand

There is some similarity to the concept of derived demand.

The concept of derived demand was introduced in an earlier chapter.

The result will be a cut-back in his derived demand for inputs.

The interaction between product and factor markets involves the principle of derived demand.

Derived demand is what happens when someone buys one thing which then makes someone need to buy something else as well.

As such they are heavily dependent on growth in the developed countries of the north Atlantic and the derived demand from that growth.

Derived demand applies to both consumers and producers.

The corresponding inverse derived demand functions are: where all parameters are positive and.

Producers have a derived demand for employees.

Conversely, when supply for a good or service decreases so does the derived demand for its inputs.

Two types of demand are defined: consumer demand and derived demand.

The demand for inputs is a derived demand.

Producers respond to "derived demand," which is estimated demand for the future, instead of current demand.

Derived demand, on the other hand, is generated by people who directly profit from the practice of trafficking, such as pimps or corrupt factory owners.

This is because at peak times there is a large demand for trains, since people want to go home (i.e., a derived demand).

To do this, it will have a derived demand for manufacturing equipment, components, steel, lubricants and the like, so that it can satisfy its own customers.

That is, labour demand is a derived demand: it is derived from the output levels in the goods market.

The demand for labor services is a derived demand, derived from the supply and demand for the firm's products in the goods market.

When supply for a particular good or service increases, the derived demand for factors of production needed in producing this good or service also increases.

Derived demand refers to the demand for productive resources, which is derived from the demand for final goods and services or output.

An individual firm's demand for labour can be thought of as a derived demand - it is derived from the consumers' demand for the firm's product.

The market demand for potatoes is a derived demand, and so reflects the value of additional supplies and the marginal costs of collection, grading and distribution.

Business markets have a derived demand - this means that a demand in business markets exists only because of another demand somewhere in the consumer market.

It was emphasised in Chapter 2 that the demand for labour is a derived demand - it is derived from the demand for goods and services.

For example, demand for coal leads to derived demand for mining, as coal must be mined for coal to be consumed.