derived demand

Definitions

Commerce

  • noun a demand for a product because it is needed to produce another product which is in demand

Economics

  • noun demand for an input which is dependent on the demand for the output

Health Economics

  • (written as Derived Demand)
    The maximum the buyer is willing to pay for a good or service as a result of a demand for something else, usually more fundamental. For example, the demand for health care is said to be derived from the demand for health.
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