Examlex
Children's language development is dependent upon instruction from adults.
Close Substitutes
Products or services that can serve as replacements for each other with minor adjustments, often similar in function or purpose.
Barriers To Entry
Factors that make it difficult for new firms to enter a market, such as high startup costs, complex regulations, or entrenched competitors.
Monopolistic Competition
A market structure characterized by many firms selling differentiated products, allowing for some degree of market power.
Close Substitutes
Close substitutes are products or services that can serve as nearly identical alternatives for consumers, making them likely to switch if the price or quality of one changes.
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