Define the term ‘derived demand’
The demand for a good or service reulting from or leads to the demand for another good or service.
LL
Related Economics A Level answers
All answers ▸What causes aggregate demand to increase?
Explain, with the help of a diagram, the relationship between unemployment and the rate of inflation.
What effects aggregate demand and how would it effect the price level of the economy?
What is the difference between factors that affect supply and the elasticity of supply?