Examlex
Term for identification: Enlightenment
Derived Demand
The demand for a factor of production resulting from the demand for the final product it helps to produce.
Factor of Production
A rephrased definition would be the essential elements required for producing goods and services, encompassing land, labor, capital, and entrepreneurship.
Derived Demand
The demand for a product or resource resulting from the demand for another product or service.
Outputs
Refers to the goods or services produced by a business or an economic system.
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