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- DictionaryBlack mar·ket/ˌblak ˈmärkət/
noun
- 1. an illegal traffic or trade in officially controlled or scarce commodities: "they planned to sell the meat on the black market"
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A black market, underground economy, or shadow economy is a clandestine market or series of transactions that has some aspect of illegality or is not compliant with an institutional set of rules.
May 3, 2024 · black market, trading in violation of publicly imposed regulations such as rationing laws, laws against certain goods, and official rates of exchange among currencies. Rationing is common in wartime in order to equalize the distribution of scarce goods and services; black-market activity may.
Sep 30, 2021 · What Is the Black Economy? The black economy is a segment of a country's economic activity that is derived from sources that fall outside of the country's...
BLACK MARKET meaning: 1. illegal trading of goods that are not allowed to be bought and sold, or that there are not…. Learn more.
black market. The illegal buying and selling of goods above the price fixed by a government. Black markets usually develop when, because of war, disaster, or public policy, a government tries to set prices for commodities instead of allowing the normal operations of supply and demand to set prices.
Mar 29, 2024 · The black market refers to an illegal platform, physical or virtual, where goods or services are exchanged outside the purview of government regulations and taxation. Black markets involve transactions that violate laws and regulations set by governing bodies.
What is a Black Market? A black market refers to a marketplace or system of exchange that subverts official government regulations. Often referred to as the underground economy, it is economic transactions that are illegal or are non-compliant behaviors within a set of rules or laws.
