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All of the following take place in the direct finance market except
Licensing Law
Legal regulations governing the process and requirements for granting permissions to individuals or entities to conduct activities that are subject to regulation.
Educational Requirements
Refers to the specific levels of education or particular qualifications necessary for a job position, professional certification, or other formal achievement.
Geographic Restraint
A limitation or restriction on where a person can live or work, often found in employment contracts or legal judgments.
Trade Secrets
Information, including formulas, practices, processes, designs, instruments, patterns, or compilations of information, that is not generally known or reasonably ascertainable, by which a business can obtain an economic advantage over competitors.
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