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.
Aggregate demand is the demand for domestic production--goods and services produced by the domestic economy. A change in the price level is a change in the price of this domestic production. Other countries in the foreign sector produce goods and services, too.