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Example of Derived demand, For building a house, the demand of Painter, labour, artisans, Bricks, Cements automatically increases. Cross Demand isthe ratio of percentage change in quantity demanded of a product to percentage change in price of a related product. Composite demand happens when goods or services have more than one use so that an increase in the demand for one product leads to a fall in supply of the other. E.g. milk which can be used for cheese, yoghurts, cream, butter and other products . Joint demand occurs when demand for two goods is interdependent. For example, it is no good having a printer without the ink to go with it.
Which of the following is NOT a part of the Women Entrepreneurship Platform (WEP) launched by NITI Aayog?
Who is the author of the book “Bachelor Dad: My Journey to Fatherhood and More”?
Recently Shri Om Birla inaugurated Suposhit Maa Abhiyan in which of the following city of Rajasthan?
Under the 'Telangana Darshini' program, what is the estimated cost per student for a four-day educational trip?
Recently Vinay Mohan Kwatra has been appointed as Next Foreign Secretary of India. He was ambassador to which country?
Which Indian contingent participated in the NOMADIC ELEPHANT exercise?
As per the government, which among the following is the loss making insurance company in the year 2021?
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Who is the MD & CEO of Union Bank of India ?