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प्रश्न
Distinguish between derived demand and composite demand.
Distinguish between derived demand and composite demand using suitable examples.
अंतर स्पष्ट करें
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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. |
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संबंधित प्रश्न
Match the following Group ‘A’ with Group ‘B’:
| Group ‘A’ | Group ‘B’ |
| (a) Electricity | (1) Joint demand |
| (b) Perfectly elastic demand | (2) Lord Keynes |
| (c) Aggregate supply | (3) Prof. Pigou |
| (d) Propensity to consume | (4) Fixed deposits |
| (e) Higher interest rate | (5) Composite demand |
| (6) Demand curve parallel to ‘X’ axis | |
| (7) Natural resources |
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Perfectly elastic demand
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When price of Giffen goods fall, the demand for it increases.
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Define joint demand.
Electricity is an example of ______ demand.
Which is meant by derived demand?
What does 'composite demand' mean?
How does substitute goods’ demand react when the price of one rises?
