The interaction between product and factor markets involves the principle of derived demand.
2.
Derived demand applies to both consumers and producers.
3.
Producers have a derived demand for employees.
4.
Clearly, the demand for labour is a derived demand from the demand for goods and services.
5.
Business markets have a derived demand a demand in them exists because of demand in the consumer market.
6.
Producers respond to " derived demand, " which is estimated demand for the future, instead of current demand.
7.
Derived demand refers to the demand for productive resources, which is derived from the demand for final goods and services or output.
8.
This is because at peak times there is a large demand for trains, since people want to go home ( i . e ., a derived demand ).
9.
Labour demand is a derived demand; that is, hiring labour is not desired for its own sake but rather because it aids in producing output, which contributes to an employer's revenue and hence profits.
10.
Appendix [ with discussion and mathematical proofs on statements in Chapter IV about absolute and relative shares of income ( the " Social Dividend " ) relative to its elasticity of derived demand, with or without increasing returns]
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