What is meant by derived demand of a factor?

Question

23 Dec 2024

Answer :

Word Count : 284

Derived demand of a factor refers to the demand for a factor of production, such as labor, land, or capital, that arises not because of the factor's own intrinsic value, but because of the demand for the goods or services that it helps produce. In other words, the demand for a factor is "derived" from the demand for the final product it is used to create. The concept is fundamental in _______ ________ ____ _________ ___ __________ _____ ____ _________ ______ _____ __________.
__________ ____ ________ ___ ________ __________ __________ _______ _________ ________ ________ _______.
__________ ________ ______ _____ ____ _______ ______ ________.
__________ _________ ______ __________ ____ __________ ______ ___ _________ ________ _______.
______ ________ ______ _________ _____ _________ _______ _____ _______ ___.
____ ______ ___ ________ _________ ________ ______.
________ _____ ________ ___ _________.
_________ ________ ________ ______ __________ _____ __________ ________ _____ ______ ________.
_______ ________ ____ ____ _____ _________ ____ ______ _____.
______ __________ ___ ___ __________ ____ _________ ________ _________ _____ ____.
___ ________ ___ __________ __________.
____ _______ ____ _______ __________.
__________ ______ ___ _______ ____ ________ _________.
___ _______ _______ ____ ______ _____ ___ ___ ___.
_____ ___ _______ __________ _________ ___ ______ ________ _________ ____.
___ ________ ____ _____ ______ _________.
_____ ______ _____ _________ ___.
_______ ________ _______ _______ ____ ____.
________ ____ ____ ______ _____.
______ _______ _____ ______ ________ ________ _______.
___ __________ _____ __________ ____ ___ _________ __________ ____ _________ ___.
_____ ___ ____ ____ ____ ___ _________ _______ ________ ____ ____ ________.
___ _____ ____ ______ ______ _________ _____ _______ _______.
__________ ________ _________ __________ ________.
____ ___ ______ __________ ________ ______ ______ _________ ____.
____ ___ ____ ______ ______ ________.
Get Full Answer on WhatsApp

IGNOU Solved Assignments Assignments Ignou Projects Project Previous Year Solved Exam Papers Notes Notes Sample Question Papers Sample Question Papers

IGNOU NEWS

Assignment Submission Last Date Extended Till 30 June 2026 Click Here★★★IGNOU June 2026 TEE Date Sheet Released Click Here★★★

	Commodity X	Commodity Y
Country A	20	20
Country B	30	60