Derived demand for an input is the process by which individual firm's demand for labor are aggregated to get the industry demand for labor.

Name: Derived demand for an input is the process by which individual firm's demand for labor are aggregated to get the industry demand for labor.
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Derived demand for an input refers to the demand for an input (such as labor) that results from the demand for the output it helps to produce, not the aggregation of individual firms' demands to get industry demand.

Derived Demand for an Input Is the Process by Which