Examlex
What is the layer of fat cells that helps electrical impulses travel faster along the axon of a neuron?
Barrier to Entry
Obstacles that make it difficult for new competitors to enter a market, such as capital requirements, technology challenges, and government policies; essentially a rephrasing of "Entry Barriers".
Hairdressers
Professionals trained in cutting, styling, and treating hair.
Natural Monopoly
A market condition where a single company can provide goods or services at a lower cost than any potential competitor, leading to a monopoly due to natural market forces.
Positive Externality
A benefit that affects a party who did not choose to incur that benefit, often associated with public goods and services.
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