Competition
Entrepreneurship encourages a competitive environment within society. Huge corporations are able to pressure government to protect their markets, to grant them at least a quasi monopolistic position in the market. The banking industry in Canada is a singular example of big business and big government working together to dominate a market sector. Every five years the Canadian Bank Act requires the Class A OR chartered banks of the country to review their mandate and justify their covenant with government. In most instances the banks use the occasion to access new market opportunities established by entrepreneurial companies and to eventually dominate the field