– when an industry or market is described to be ‘worth an estimated x dollars’ what does that actually mean?

Question

– when an industry or market is described to be ‘worth an estimated x dollars’ what does that actually mean?

In: 45

Answer 1

Usually, they’re reporting on annual sales revenue for that sector, eg. is they report that the US banana market is worth $4b that means consumers buy $4b worth of bananas each year.