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In the water cycle, evaporated equatorial water that rises and does not immediately rain back down proceeds to
Barriers to Entry
Obstacles that make it difficult for new competitors to enter a market, such as high startup costs or complex regulations.
Natural Monopoly
A situation in the market where due to high initial costs and substantial economies of scale, a single firm can supply a product or service at a lower cost than any potential competitor, leading to a market dominated by one supplier.
Network Effects
Increases in the value of a product to each user, including existing users, as the total number of users rises.
Rent-seeking Behavior
Activities undertaken by individuals or firms to increase their own wealth without creating new wealth, often through manipulating the social or political environment in which economic activities occur.
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