Derived Demand Definition.

Derived demand is defined as the demand for a good or service that is derived from the demand for another good or service. In other words, the demand for the good or service in question is not directly related to the consumer’s own needs or wants, but is instead indirectly related to the demand for … Read more

What is the APR or Annual Equivalent Rate?

The APR concept, also known as the Annual Equivalent Rate, shows the coste or effective performance of a financial product. Unlike the interest rate, the APR does include bank charges and fees in addition to the compensation received by the owner of the money (usually a bank) for temporarily assigning it. The term APR contemplates … Read more