Question

market is the sum total of allthe potential and buyer os product explain

Answer 1

Answer:

Market potential is the entire size of the market for a product at a specific time. It represents the upper limits of the market for a product. Market potential is usually measured either by sales value or sales volume. For example, the market potential for ten speed bicycles may be worth $5,000,000 in sales each year. On the other hand, the market potential for motorcycles may be 500,000 units each year, which is a measure of sales volume rather than sales value. Keep in mind that market potential is just a snapshot in time. It's a fluid number that changes with the economic environment. For example, rising and falling interest rates will affect the demand for products that are typically financed, like cars and houses.

Explanation:

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Answer 2

Answer:

A market is defined as the sum total of all the buyers and sellers in the area or region under consideration. The area may be the Earth ,or countries , regions , states or cities. The value, cost and price of items traded are as per forces of supply and demand in a market.