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Explain What Is Meant by Derived Demand,and Discuss the Importance

question 48

Essay

Explain what is meant by derived demand,and discuss the importance of this concept to international trade.Describe another market with derived demand.


Definitions:

Revolutionary Nationalism

A political ideology that combines nationalism with a commitment to revolutionary change, often aiming to establish or preserve a nation-state.

Containment

A geopolitical strategy aimed at preventing the expansion of a hostile power or ideology, notably used by the United States during the Cold War.

Demilitarized Zone

A region or area that has been agreed upon by opposing military forces not to conduct any military activities or maintain military installations.

Ayn Rand

was a Russian-American writer and philosopher known for developing a philosophical system called Objectivism and for her novels "The Fountainhead" and "Atlas Shrugged."

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