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Question
The demand for labour is ______.
Options
Direct
Derived
Free
Elastic
MCQ
Fill in the Blanks
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Solution
The demand for labour is derived.
Explanation:
- The demand for labour is considered derived because it is contingent upon the demand for the goods and services that labour helps produce.
- When the demand for a product increases, the demand for labour to produce that product also rises, reflecting this relationship.
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