The Demand of a Factor of Production is

  1. Direct
  2. Derived
  3. Neutral
  4. Discretion of the producer
Manish Listener Asked on 17th June 2015 in General Knowledge.
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1 Answer(s)

Derived

The demand for a factor of production is a derived demand, meaning that the firm’s demand for a factor of production is derived from its decision to supply a good in another market. 

Monis Rasool Professor Answered on 17th June 2015.
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