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Economics

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what is the potential market size or demand

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Potential markets are the parts of the market you are not yet reaching.Market potential is the upper limits of the size of the market for a product. It is measured either by volume of sales or value of sales over a specific period of time. Market potential is a fluid concept as it can increase or decrease over time based upon environmental factors

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Answer:

Market size is defined as the total number are value of potential buyers for your product or service.

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