The demand of a commodity is a direct demand but the demand of a factor of production is called a -

Related MCQs

• If the change in demand for a commodity is at a faster rate than change in the price of the commodity, the demand is -
• The demand for two or more commodities or factor of production that are used together so that a change in demand for one will be reflected in a change in demand for other e.g., cloth and thread is called
• When percentage change in demand for a commodity is less than percentage change in its price, then demand is said to be -
• 'Law of demand' implies that when there is excess demand for a commodity, then
• Elasticity of demand is the degree of responsiveness of demand of a commodity to a -
• Opportunity cost of production of a commodity is -
• Production of a commodity mostly through the natural process is an activity of -
• The production of a commodity in which a higher proportion of capital is used is known as
• The demand of a factor of production is
• Minimum payment to factor of production is called -