Question

what is economic barrier​

Answer 1

Answer:

barriers are anything that limit access to, or reduce the benefit of, economic opportunity. More specific definitions vary by what you might be talking about.

You could have trade barriers that take the form of tariffs, sanctions, and quotas. There's also barriers to entry for new firms like high cost of initial capital needed to compete with existing firms, or high marginal production costs for new firms relative to existing firms due to economies of scale.

Answer 2

Answer:

In theories of competition in economics, a barrier to entry, or an economic barrier to entry, is a fixed cost that must be incurred by a new entrant, regardless of production or sales activities, into a market that incumbents do not have or have not had to incur.

Explanation:

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