market barriers
/ˈmɑːrkɪt ˈbæriərz/ · mar·ket bar·ri·ers
noun
- Obstacles—legal, economic, technological, or structural—that impede firms from entering or competing effectively in a particular market. High tariffs and strict licensing requirements are classic market barriers for foreign manufacturers.
- Specific regulatory or policy measures that restrict the free flow of goods, services, or capital within a market. The country's import quotas act as market barriers that protect domestic producers.
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Did you know? The term 'market barriers' gained prominence during the post‑World War II era as nations negotiated trade liberalization, and it remains a key concept in WTO dispute settlements.