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Demand for factors of production is

This question belongs to Commerce Economics
Economics
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Demand for factors of production is

Answer & Solution
Correct Answer: Option A
Demand for factors of production is derived demand. The demand for any factor of production, such as labor, physical capital or land is a derived demand because it arises not from the intrinsic utility provided by the factor but because of the value placed on the production it produces by consumers.
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