The Cherryvale Opera House Company was organized.The city had five saloons in town at this time.Exchange Bank (Now Peoples State Bank) opens. 1881 Prohibition takes effect in Kansas. Cherryvale voted in the fall of 1880 in favor of a state law to outlaw the sale and manufacture of spiritual liquors.
Freebase(0.00 / 0 votes)Rate this definition: Derived demand is a term in economics, where demand for a factor of production or intermediate good occurs as a result of the demand for another intermediate or final good.
Definitions (2). 1. Demand for a basic good (wanted not for its own sake but for the goods derived from it) such as textiles, that is due to its use in the production of another good such as apparels. 2.Demand for an input to a production process, dependent on the output of a final or finished product. These inputs include factors of production (capital, labor, land), raw materials, or intermediate (semi-finished) goods.