The demand for a productive resource, not for its own sake, but for use in the production of goods and services is called a _______.
A) derived demand
B) production demand
C) resource demand
D) goods and services demand

Question

Quizplus · Accepted Answer

Derived demand refers to the demand for a factor of production or input resulting from the demand for the output it helps to produce, not for the input itself.

The Demand for a Productive Resource, Not for Its Own