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Nilanjan Bhowmick AIR 3, CSIR NET (Earth Science)
N. K. Gupta posted an Question
July 24, 2021 • 22:40 pm
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30 points
30 points
- UGC NET
- Commerce
Autonomous demand and derived demand explain in short and simple way
autonomous demand and derived demand explain in short and simple way
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Anju bala
autonoumous word means free from any influence so ऐसी demand जो किसी भी चीज़ से influence ना हो. and Derived word Means जो demand action hone के बाद create ho.
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Priya gulani Best Answer
Autonomous demand refers to the demand for products and services that is not influenced or determined by other goods. On the other hand, derived demand refers to the demand for products and services that is determined and influenced by the extent and nature of other activities.
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Rucha rajesh shingvekar
![best-answer]()
Autonomous demand refers to the demand for products and services that is not influenced or determined by other goods. On the other hand, derived demand refers to the demand for products and services that is determined and influenced by the extent and nature of other activities.
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Durgesh rawat
Autonomous and Derived Demand: Refers to the classification of demand on the basis of dependency on other products. The demand for a product that is not associated with the demand of other products is known as autonomous or direct demand. The autonomous demand arises due to the natural desire of an individual to consume the product. For example, the demand for food, shelter, clothes, and vehicles is autonomous as it arises due to biological, physical, and other personal needs of consumers. On the other hand, derived demand refers to the demand for a product that arises due to the demand for other products. For example, the demand for petrol, diesel, and other lubricants depends on the demand of vehicles. Apart from this, the demand for raw materials is also derived demand as it is dependent on the production of other products. Moreover, the demand for substitutes and complementary goods is also derived demand.