Final answer:
Latent Market is the term for a market that could emerge due to continuing trends, not yet fully realized, unlike an emerging market or a niche market. Option C is correct.
Step-by-step explanation:
The term that refers to a market that will emerge if a particular economic, demographic, political, or socio-cultural trend continues is C) Latent Market. A latent market is a market that has the potential to emerge due to existing trends but has not yet been fully realized or tapped into. This is opposed to an emerging market, which is already in the process of rapid growth and development, a niche market, which caters to a specific, well-defined segment of the population, or a trend market, which might refer informally to a market driven by trendy or popular items but is not a standard term in economics.
Understanding latent markets is relevant when studying demographic transition theory, which suggests that population growth follows a predictable pattern from pre-industrial to post-industrial stages and can lead to the emergence of new markets. For instance, demographic momentum can impact the emergence of markets geared towards younger generations, as the population continues to grow based on the young age distribution, even after fertility rates decline.