derived demand |
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Definition 1
Demand for a basic good (wanted not for its own sake but for the goods derived from it) such as textiles, that is due to its use in the production of another good such as apparels.
Definition 2
Demand for an input to a production process, dependent on the output of a final or finished product. These inputs include factors of production (capital, labor, land), raw materials, or intermediate (semi-finished) goods.
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derived demand is in the Economics, Politics, & Society subject.
derived demand appears in the definition of the following term: industrial goods
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