Composite Demand
Definition of Composite Demand - Demand for a good that has multiple uses. e.g. People may demand oil because it can be used to create both petrol and diesel.
- People may demand a sheep for both mutton and wool.
- Other examples of composite demand may include a cow for the beef and leather.
Related Notes
- Joint Demand - when goods are demanded together. Two complements like iPad and Application for iPad.
- Different types of goods
- Factors affecting demand
Related Essays and Revision Notes
Economics Revision Guides
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Economics Dictionary
- Economics Dictionary at Amazon UK
- Economics Dictionary at Amazon.com