In the context of introduction to economics, the global market consists of __________ potential customers.

• A. all individuals worldwide
• B. only individuals in developed countries
• C. only those with internet access
• D. only businesses and governments

Answer: (A)

Verified step by step guidance

1. Understand the concept of the global market in economics, which refers to the total potential demand for goods and services across all countries and regions.
2. Recognize that the global market includes all individuals who could potentially buy goods or services, regardless of their location or economic status.
3. Eliminate options that limit the market to specific groups, such as only individuals in developed countries, only those with internet access, or only businesses and governments.
4. Conclude that the global market consists of all individuals worldwide, as it encompasses every potential customer on the planet.
5. Summarize that the global market is the broadest possible market, including everyone who might participate in economic transactions.