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Why is demand for labour called derived demand?

A

It arises from demand for the intermediate goods labour produces.

B

It arises from demand for the higher wages labour produces.

C

It arises from demand for the final good or service labour produces.

D

It arises from demand for the workers’ leisure time labour produces.

Card 1 of 20

8.3.1 demand for labour as a derived demand Flashcards

  1. Intl A Level
  2. /Economics
  3. /8.3.1 demand for labour as a derived demand

20 flashcards on CIE Intl A Level Economics 8.3.1 demand for labour as a derived demand: the key terms and definitions you need to recall.

Flashcards