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- DictionaryDe·rived de·mand/dəˈrīvd/
noun
- 1. a demand for a commodity, service, etc. which is a consequence of the demand for something else.
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- Derived demand
Demand for a factor of production that occurs as a result of the demand for another good
In economics, derived demand is demand for a factor of production or intermediate good that occurs as a result of the demand for another intermediate or final good. In essence, the demand for, say, a factor of production by a firm is dependent on the demand by consumers for the product produced by the firm. The term was first introduced by Alfred Marshall in his Principles of Economics in 1890. De... Wikipedia
