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.
In essence, the demand for one is dependent on that whose demand its demand is derived from. For example, if the demand for a good such as wheat increases, then this leads to an increase in the demand for labour.For another example, demand for steel leads to derived demand for steel workers, as steel workers are necessary for the production of steel.As the demand for steel increases, so does its price.or another example, demand for steel leads to derived demand for steel workers, as steel workers are necessary for the production of steel. As the demand for steel increases, so does its price.