Economics GCSE
Derived Demand
What Derived Demand means in Economics GCSE, as defined for Pearson Edexcel.
Definition of Derived Demand
Demand for a factor of production (like labour) that occurs not for its own sake, but as a result of the demand for the goods and services it produces.
Topics that use Derived Demand
- The labour market (Pearson Edexcel GCSE)
Related terms
Using Derived Demand in the exam
Definition questions usually carry one or two marks, and examiners look for the precise wording. Write the definition from memory, check it against the version above, and then use the term in a longer answer on the same topic so it sticks.
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