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What are barriers to entry?

What are barriers to entry? Here are some definitions.

Noun
  1. plural of barrier to entry
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Examples
European regulated markets are distinguished by their lack of barriers to entry, which is consistent with the functioning of the single market.
Becoming a train driver means hurdling remarkable barriers to entry, which helps keep wages high.
However, the barriers to entry aren't large, and new companies have come into being to take the slack.
This is the ankle-biter end of the web hosting business, where there are few barriers to entry.
At the same time, basic wireless technology is becoming commoditized, which lowers barriers to entry for newcomers, especially from Asia.
With the exception of such KIBS areas as architecture or legal consulting, there are few formal barriers to entry.

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