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Definition of derived demand in English: derived demandnoun Economics A demand for a commodity, service, etc. which is a consequence of the demand for something else. Example sentencesExamples - Thus it can be argued that the demand for economics courses is a derived demand.
- The demand for electronic components is a derived demand.
- Therefore, the demand for transportation service is a derived demand and, in part, based on the demands and supplies of agricultural products.
- 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.
- Because the demand for stevedoring services is a derived demand, the elasticity of demand is small.
Definition of derived demand in US English: derived demandnoun Economics A demand for a commodity, service, etc. which is a consequence of the demand for something else. Example sentencesExamples - The demand for electronic components is a derived demand.
- Therefore, the demand for transportation service is a derived demand and, in part, based on the demands and supplies of agricultural products.
- Thus it can be argued that the demand for economics courses 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.
- Because the demand for stevedoring services is a derived demand, the elasticity of demand is small.
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