Advertisements
Advertisements
प्रश्न
Distinguish between derived demand and composite demand.
Distinguish between derived demand and composite demand using suitable examples.
Advertisements
उत्तर
| Sr. No | Derived demand | Composite demand |
| 1 | Whenever several items are required to make a particular commodity, the demand for various commodities is termed as the derived demand. | A commodity can be used for several purposes and its demand is directly linked to its various uses. Such a demand is known as composite demand. |
| 2 | For example, the demand of building is a direct demand and demands for cement, bricks, sand, timber, etc., are called as derived demands. | For example, milk is used for making tea, coffee, butter, cheese, curd, sweets and for direct consumption. |
APPEARS IN
संबंधित प्रश्न
Distinguish between expansion in demand and increase in demand.
Distinguish between Individual demand and Market demand.
Explain with reason whether you 'agree' or 'disagree' with the following statement:
There are many types of demands.
Define or explain the following concepts (Any THREE):
Individual demand
Write short note:
Giffen's paradox
Give an economic term:
A commodity which can be put to several uses.
Find the odd word out:
Direct demand:
Demand for milk is an example of composite demand.
Electricity is an example of ______ demand.
If all families together buy 10,000 litres of milk daily, what does this number represent?
