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Analysing Statement of Profit and Loss

State whether...

Question

State whether the following statement is true or false:
Demand for labour is direct demand.

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Solution

False.
Labour has derived demand.

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Similar questions

Q. State whether the following statement are TRUE and FALSE.

1. Demand for labour is direct demand.

2. Labour and labourer are inseparable.

3. Labour cannot be stored.

4. Capital is a natural factor of production.

5. Land is a free gift of nature.

Q. State whether the following statements are True of False :
Demand for necessary goods is inelastic.

Q. State whether the following statement is true or false:
Land has derived demand.

Q. The following statements true or false? Give reasons
Intermediate goods have a derived demand, while final goods have direct demand.

State whether the following statements are true (T) or false (F).

lt was Gandhiji who demanded that all adults have the right to vote.

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