Concept:The demand for factors of production is a derived demand because it depends on the demand for the final goods and services they produce.
Explanation:Factors of production like labour, land, and capital are not demanded for their own sake.
They are demanded because they help produce goods and services that consumers want.
Therefore, the demand for such factors arises from, or is derived from, the demand for the final product.
For example, if the demand for bread rises, the demand for bakers and wheat will also rise.
Thus, the demand for factors of production is best described as derived demand.
Answer:C. derived (derived demand)