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DERIVED DEMAND: The notion that the demand for a factor or production, an input used in the production of a good, depends on the demand for the output being produced. This concept highlights the two key aspects of factor demand. One is that factor demand depends on the value of the good being produced. Inputs that produce more valuable outputs are themselves more highly valued. Two is that factor demand depends on the productivity of the input. Inputs that produce more output are themselves more highly valued.
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Rosemary, long associated with remembrance, was worn as wreaths by students in ancient Greece during exams.
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"Only great minds can afford a simple style." -- Stendhal, writer
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NASD
National Association of Securities Dealers
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