Question : The demand for labour is called
Option 1: Market demand .
Option 2: Direct demand .
Option 3: Derived demand .
Option 4: Factory demand .
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Correct Answer: Derived demand .
Solution : The correct option is derived demand.
Derived demand in labor means that the need for workers depends on the demand for the products or services they help create. For instance, if more cars are wanted, more labor will be needed in the auto industry. Conversely, if fewer cars are in demand, less labor will be required in that industry.
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