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The demand for labor is described as a derived demand because ____.
a. it is derived from the demand for products that use labor in the production process.
b. it is derived from government institutions that rely on labor markets for the purpose of raising tax revenue.
c. it is derived by workers seeking to earn income to fund the consumption of goods and services.
d. it is derived by producers seeking to make profits by starting new businesses.

Respuesta :

sandlee09

Answer:

a.

Explanation:

The demand for labor is described as a derived demand because it is derived from the demand for products that use labor in the production process. Meaning that it is based on the concept that consumers want products which require manual human labor in order to produce. Therefore company's need to hire laborers in order to mass produce the product and sell it to meet the demand.

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