entry barriers JUST WRITTEN FOR YOU
/ɛn.tri ˈbær.ərz/ · en.tri.bar.ers
noun
- Obstacles or hurdles that prevent new firms or businesses from entering a market. The high cost of regulatory compliance is a significant entry barrier for small startups in the pharmaceutical industry.
- Challenges or difficulties that prevent individuals from participating in a particular activity or market. The lack of affordable housing is an entry barrier for low-income families seeking to purchase a home in the city.
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Did you know? The concept of entry barriers has been widely used in the field of economics to analyze the competitive dynamics of markets and the impact of regulatory policies on business entry and exit.