Firms' demand for labour is:YOUR ANSWERYour Answera derived and final demanda final demandunrelated to either final or derived demanda derived demand
Question
Firms' demand for labour is:YOUR ANSWERYour Answera derived and final demanda final demandunrelated to either final or derived demanda derived demand
Solution
Firms' demand for labour is a derived demand. This is because the demand for labour is not because firms want labour for its own sake, but because they need labour to produce goods and services. This demand is derived from the demand for the goods and services that the labour helps to produce.
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