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.
BREAKING DOWN 'Derived Demand'. The demand that is derived from the demand from another good can be an excellent investing strategy. Think about a pick and axe strategy. During the gold rush, the demand for gold prompted prospectors to search for gold.These prospectors needed picks and axes (and other supplies) to mine for gold.he demand that is derived from the demand from another good can be an excellent investing strategy.