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Question
State whether the following statement is true or false:
Land has derived demand.
Land has derived demand.
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Solution
True.The demand for land is dependent on the type of goods being produced.
If the land is viewed as an input into the production of goods and services for example, housing services-the demandland as a factor is a derived demand
The demand for land is dependent on the type of goods being produced.
If the land is viewed as an input into the production of goods and services for example, housing services-the demandland as a factor is a derived demand
If the land is viewed as an input into the production of goods and services for example, housing services-the demandland as a factor is a derived demand
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