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Card 1 of 24

Labour demand is a [     ] because it depends on demand for the [     ].

A

Labour demand is a composite demand because it depends on demand for the raw materials.

B

Labour demand is a direct demand because it depends on demand for the final product.

C

Labour demand is a derived demand because it depends on demand for the final product.

D

Labour demand is a derived demand because it depends on demand for the labour itself.

Card 1 of 24

The interaction of labour markets Flashcards

  1. A Level
  2. /Economics
  3. /The interaction of labour markets

24 flashcards on OCR A Level Economics The interaction of labour markets: the key terms, economic models and case studies you need to recall for Component 01, Component 02 and Component 03.

Flashcards