The Demand for Labour Is Described as a Derived Demand

question 240

Multiple Choice

The demand for labour is described as a derived demand because

• A)it is derived by workers seeking to earn income to fund the consumption of goods and services.
• B)it is derived by producers seeking to make profits by starting new businesses.
• C)it is derived from the demand for products that use labour in the production process.
• D)it is derived from government institutions which rely on labour markets for the purpose of raising tax revenue.

---

Definitions:

Offshore Oil

Refers to the extraction of oil reserves located under the ocean floor, often involving complex and costly exploration and drilling techniques.

Urban Land

Land within a city or metropolitan area that is developed or used for buildings, roads, and other structures, contrasting with rural land.

Aerobic Bacteria

Bacteria that require oxygen for their growth and survival, playing essential roles in processes such as composting and in the treatment of sewage.

Oxygen-demanding Waste

Organic waste material that reduces oxygen levels in water bodies as microorganisms consume oxygen to decompose this waste.