-Since the demand for factors of production depends on the demand for the products they produce, factors of production are said to have:

Name: -Since the demand for factors of production depends on the demand for the products they produce, factors of production are said to have:
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Question

Quizplus · Accepted Answer

Factors of production have a derived demand because their demand depends on the demand for the final goods and services they are used to produce.

-Since the Demand for Factors of Production Depends on the Demand