Since the demand for a factor of production depends on the demand for the good or service the factor produces, the demand for the factor is said to be a:

Name: Since the demand for a factor of production depends on the demand for the good or service the factor produces, the demand for the factor is said to be a:
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Question

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The demand for a factor of production is considered a derived demand because it is dependent on the demand for the goods or services that the factor helps to produce.

Since the Demand for a Factor of Production Depends on the Demand