Counter Arts
Published in

Counter Arts

Language as a Barrier to Entry

Source: Blume Global

In economics, the concept “barrier to entry” refers to the difficulty (or lack thereof) of competitors being able to enter an industry and compete with existing competition.

If it is relatively easy for a new competitor/entrant to start a business competing with the existing businesses, then we would say the existing industry has low barriers to entry. Conversely, if it is hard to enter an industry, we say the…

--

--

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store