High investment per worker and many state-based licensing restrictions contribute to the difficulty of entry in retailing.

Question

Quizplus · Accepted Answer

High investment per worker is more characteristic of industries with significant capital requirements, while retailing typically has lower barriers to entry compared to industries like manufacturing or utilities. State-based licensing restrictions can affect some specific types of retailing (e.g., liquor stores), but overall, the retail sector is known for its relatively easy entry.

High Investment Per Worker and Many State-Based Licensing Restrictions Contribute