Term · Competition
Barriers to entry
Anything that makes it hard for new firms to join a market, such as licences, high start-up costs or control of a scarce input.
Glossary
Plain-English definitions of the terms you meet in stories and lessons.
Plain-English definitions of the terms you meet in stories and lessons.
Anything that makes it hard for new firms to join a market, such as licences, high start-up costs or control of a scarce input.