Which key factors impact whether budding entrepreneurs around the world can start and own a business

Explanation:

There are several barriers to entry in a market that can hinder the creation of a new business, the ones that most impact new entrepreneurs are the financial, technical and structural barriers.

There is the configuration of a monopoly market where there is a single company that controls the market and resources, influencing prices and hindering new entrants.

There are also capital difficulties, where the cost of opening and maintaining a business makes it difficult for new entrepreneurs to enter the market in the long term in a competitive manner with larger companies, for example.

And there are also technical barriers, which can be understood as the lack of specific knowledge for a particular business operation.

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