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1.stiff competition- there is an existing tough competition among the companies already in the market making potential new ones to shy off.
2.equity- there is a large amount of capital required to start and run a company thus many people withdraw.
3.the recorded cases of several unpredictable inflation scenarios makes potential new companies to fear and venture in other available opportunities in the economy.
Erwoti answered the question on August 7, 2019 at 11:29