wiz-icon
MyQuestionIcon
MyQuestionIcon
3
You visited us 3 times! Enjoying our articles? Unlock Full Access!
Question

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

Open in App
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

flag
Suggest Corrections
thumbs-up
0
Join BYJU'S Learning Program
similar_icon
Related Videos
thumbnail
lock
What Is Rural Development
ECONOMICS
Watch in App
Join BYJU'S Learning Program
CrossIcon