kinggtutt6935 kinggtutt6935
  • 20-08-2019
  • Business
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Because a firm‘s demand for a factor of production is derived from its decision to supply a good in the market, it is called a…

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Dryomys Dryomys
  • 23-08-2019

Answer: Derived demand.

Explanation:

Because a firm‘s demand for a factor of production is derived from its decision to supply a good in the market, it is called a derived demand.

Derived demand refers to the demand for an input or the factor of production resulting from the demand of the other good in the market.

These factor of production includes land, labor, capital, raw materials, intermediate goods.

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