Demand for Industrial Products Is Derived from Consumer Demand for a Particular

question 48

True/False

Demand for industrial products is derived from consumer demand for a particular product.

---

Definitions:

Motorcycle

A two-wheeled vehicle powered by an engine, used for transportation and recreational purposes.

Coffee

A popular beverage made by brewing roasted and ground beans of the Coffea plant.

Production

The process of creating goods or services by combining various inputs like labour, materials, and machinery.

Circular-Flow Diagram

A graphical representation of the economic system illustrating the circulation of money between households and companies through various markets.