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Economics A Level

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Question:

Explain how Demand for Labour is an example of Derived Demand

Author: go kys



Answer:

Demand for Labour comes from Firms, Supply of Labour comes from the Economically Active Population -Firms need workers to make Goods needed by Consumers. So Consumers demand drives the Demand for Goods that the Labour would make. -When the demand for the goods Increase, Labour Increases


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go kys
go kys