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Demand for inputs is a derived demand because
Largest
Being the greatest in size, quantity, or degree compared to others in a set or group.
United States
A federal republic consisting of 50 states, a federal district, five major self-governing territories, and various possessions.
Comparative Advantage
The capacity of an entity, whether a single person, a corporation, or a nation, to create a product or offer a service more cost-effectively in terms of foregone opportunities than its competitors.
Low Opportunity Cost
A situation where the cost of foregoing the next best alternative is relatively minimal when choosing one option over another.
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