Demand for factors of production is

1.	Demand for factors of production is
Answer» DERIVED DEMAND Demand for factors of PRODUCTION is derived demand. The demand for any factor of production, such as LABOR, physical capital or land is a derived demand because it arises not from the INTRINSIC utility provided by the factor but because of the value placed on the production it produces by consumers.

Answer»

Demand for factors of PRODUCTION is derived demand. The demand for any factor of production, such as LABOR, physical capital or land is a derived demand because it arises not from the INTRINSIC utility provided by the factor but because of the value placed on the production it produces by consumers.

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Demand for factors of production is

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