The Demand for a Good or Service Is Called a Derived

question 360

True/False

The demand for a good or service is called a derived demand because it is derived from the demand for the factors of production that produce this good or service.

---

Definitions:

Intragroup Conflict

Disagreements or disputes that occur within a group, team, or organization, which can arise from differences in opinions, goals, or working styles among its members.

Groupthink

A phenomenon in which the desire for harmony or conformity in a group results in an irrational or dysfunctional decision-making outcome.

Group Loyalty

A sense of commitment and solidarity among members of a group towards their group and its goals.

Dysfunctional Behavior

Actions that are counterproductive to an individual’s own goals or well-being, often causing negative effects on others around them.