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What is derived demand?

What is derived demand?

Derived demand is demand for a factor of production that arises from demand for the good or service it helps produce. Labour is not usually demanded for its own sake: firms employ workers because those workers help create output that customers want.

8.3.1 demand for labour as a derived demand Lesson

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

Step-by-step lessons on CIE Intl A Level Economics 8.3.1 demand for labour as a derived demand. Each one builds up to exam-style questions.

Lessons