Survey of Economics Essays - Economy, Business, Monopoly

Survey of Economics Professor Thomas Andrew Lett Salem International University October 22nd, 2017 Barriers to entry into an industry or business are economies of scale, product differentiation, capital requirements, switching costs and government policies. Some other barriers include cost disadvantages and access to distribution channels. Start up business may look to enter business with high barriers which will be hard to overcome. Economies of scale are decreasing unit costs of a product. This will force an entrant to either come in at a large or small scale. Entering at large scale would be risky as incumbents would have major reactions to it causing the entry to be a failure. Small scale entry may result in small scale disadvantages in cost. Product differentiation is where companies have established brand loyalties which in result forces entrants to have to spend mass amounts to overcome the issue. Marketing resources will be needed as the small start-up will need them to establish effective positioning.Capital requirements are required for infrastructure, machinery, RD, and advertising. Startups can get around these financial resources by outsourcing to companies. Government policies are a major barrier as they force you to obey them. If not, fines and loss of business will be the result. Regulations are ever changing and many things require special licenses to obtain equipment or sell certain products. This makes it very hard for startups to succeed. Reference(s): Barriers to entry: factors preventing startups entry to a market. (n.d.). Retrieved October 22, 2017, from https://www.marsdd.com/mars-library/barriers-to-entry-factors-preventing-startups-from-entering-a-market/

To Open a Pandoras Box

To Open a Pandoras Box To Open a Pandoras Box To Open a Pandoras Box By Maeve Maddox Ive found an expression that annoys me more than deja vu all over again. Its a box of Pandoras. Denmark has tumbled into a box of Pandoras. Meryl may regret having opened this whole box of Pandoras (language site, discussion of the difference between can and may) My, I do seem to have opened a can of worms (or a box of Pandoras) here. (the topic is the music of Chopin.) In many places the expression is attributed to former governor of New Mexico Bruce King: His [Kings] most famous malapropism, frequently repeated by legislators during floor debates, was the time King said that a legislative proposal would open a whole box of Pandoras. (Santa Fe-New Mexican, Nov. 14, 2009) Ive also seen it attributed to Casey Stengel, Al Gore, former Arkansas Governor Frank White, and former Washington D.C. mayor Marion Barry. Ideas about nature are famously malleable. Try to take just a peek, and Shazamm!you have opened what Casey Stengal [sic] once called A Box of Pandoras. (excerpt at Amazon from a published book about Nature) We dont want to open up a box of Pandoras. Vice-President Albert Gore, Jr. (comment at a site called TruckNet) â€Å"We dont want to open a box of Pandoras.† That was said by Marion Barry, the former mayor of Washington, D.C. He was referring to the Greek Pandoras’ Box. (a blog called Dahn Batchelors opinions) As former Gov. Frank White of Arkansas once put it, the president thus opened a whole box of Pandoras. (article by Frank Perly at WashingtonTimes.com, May 18, 2010) The expression to open a Pandoras box has long been used to describe an act that may have unforeseen and unpleasant consequences. It derives from a Greek myth in which the woman Pandora, driven by curiosity, opens a jar (or a box) containing various human evils, unintentionally loosing them on the world. The distortion to open a box of Pandoras may owe its galloping popularity to its similarity to opening a can of worms. As a figurative expression, opening a box of Pandoras may have sounded amusing the first time it was used, but as an ongoing expression it gets old fast. NOTE: the word Pandora on its own enjoys a huge popularity as a product name and in other contexts. Someone opening a delivery of electronic gadgets might have reason to declare that he was opening a box of Pandoras. Want to improve your English in five minutes a day? Get a subscription and start receiving our writing tips and exercises daily! Keep learning! Browse the Misused Words category, check our popular posts, or choose a related post below:100 Words for Facial ExpressionsUse a Dash for Number Ranges5 Ways to Reduce Use of Prepositions