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प्रश्न
Distinguish between derived demand and composite demand.
Distinguish between derived demand and composite demand using suitable examples.
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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
Distinguish between the following:
Direct demand and Indirect demand.
Explain with reason whether you 'agree' or 'disagree' with the following statement:
There are many types of demands.
Define the following concept:
Demand
Distinguish between:
Joint/complementary demand and competitive demand.
Identity the pair of goods which are substitutes of each other:
An increase in the price of electricity will cause the demand for electric appliances to ______.
The demand for goods which can be put to several uses is known as ______.
Which is meant by derived demand?
Which goods are in joint demand?
What does 'composite demand' mean?
