The Demand for Labour Is a Derived Demand Because It

question 7

Multiple Choice

The demand for labour is a derived demand because it is derived from

• A)the demand for the output the labour produces.
• B)the supply of labour.
• C)union pressure.
• D)natural law.
• E)years of accumulated capital and technological advances.

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Definitions:

Psychological Perspective

An approach or viewpoint in psychology that emphasizes understanding human behavior and thought processes based on psychological principles and theories.

Freudian Psychodynamic

A theoretical framework that focuses on unconscious processes and childhood experiences in shaping personality and behavior.

Covert Processes

Covert processes refer to mental operations or thoughts that are automatic or subconscious, influencing behavior without conscious awareness.

Overt Actions

Visible or observable behaviors that can be directly seen and measured by others.