Asked by Maryam Almamlouk on May 02, 2024
Verified
The demand for computers is derived from the demand for the capital resources that are used to produce computers.
Derived Demand
Refers to the demand for a good or service that arises from the demand for another good or service.
Capital Resources
Assets used in the production of goods and services, such as buildings, machinery, equipment, and tools.
- Understand the concept of derived demand and how it relates to the demand for resources such as labor and capital.
Verified Answer
ZK
Zybrea KnightMay 03, 2024
Final Answer :
False
Explanation :
The demand for computers is derived from the demand for their use in various applications such as personal use, business operations, and educational purposes, not directly from the demand for the capital resources used to produce them.
Learning Objectives
- Understand the concept of derived demand and how it relates to the demand for resources such as labor and capital.