Definition of derived demand in English:

derived demand

Syllabification: de·rived de·mand

noun

Economics
  • A demand for a commodity, service, etc., that is a consequence of the demand for something else.
    More example sentences
    • Thus it can be argued that the demand for economics courses is a derived demand.
    • Therefore, the demand for transportation service is a derived demand and, in part, based on the demands and supplies of agricultural products.
    • Because the demand for stevedoring services is a derived demand, the elasticity of demand is small.

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Word of the day milord
Pronunciation: mɪˈlɔːd
noun
used to address an English nobleman