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Mars2501 [29]
3 years ago
6

Explain the relationship between wages and derived demand

Business
1 answer:
Oksana_A [137]3 years ago
7 0

Here is you're answer:

Wages is the amount of money a person gets paid for labor, derived demand is a demand for more money because of the increase of labor the workers have to do. To conclude the relationship between the two is that "if the worker gains more labor they would make a derived demand to increase their wage."

Hope this helps!

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