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Define Or Explain the Following Concept: Direct Demand - Economics

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Question

Define or explain the following concept:

Direct demand

Solution

Demand for the goods that are purchased for direct consumption and are not used as intermediate goods is referred to as direct demand. For instance, goods like clothes and food have a direct demand, as they are meant for final consumption. The demand for such goods does not depend on the demand for any other commodity.

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APPEARS IN

 Micheal Vaz Solution for Micheal Vaz Class 12 Economics (2019 to Current)
Chapter 3: Demand Analysis
Exercise | Q: 1.4 | Page no. 24

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Solution Define Or Explain the Following Concept: Direct Demand Concept: Demand.
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