Derived Demand

Tax Glossary Definition

Derived Demand

Derived Demand – Derived demand refers to the demand for a product or service that exists because it is essential for producing another good or service that consumers actually desire. In other words, its demand depends on the demand for the final product it helps to create.

Example: The demand for steel arises from the demand for automobiles and construction projects, as steel serves as a primary input in both industries.

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