One of the mysteries of the English language finally explained.
A demand for a commodity, service, etc. which is a consequence of the demand for something else.
- ‘The demand for electronic components is a derived demand.’
- ‘This is because the demand for labour is a derived demand, dependent on the marginal revenue product of the output of labour inputs to the production process.’
- ‘Thus it can be argued that the demand for economics courses is a derived demand.’
- ‘Because the demand for stevedoring services is a derived demand, the elasticity of demand is small.’
- ‘Therefore, the demand for transportation service is a derived demand and, in part, based on the demands and supplies of agricultural products.’
Top tips for CV writingRead more
In this article we explore how to impress employers with a spot-on CV.