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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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May 29, 2021 · A black market is an economic activity that takes place outside government-sanctioned channels, often involving illegal or tax-avoiding transactions. Learn about the types, impacts, and examples of black markets, such as drugs, human trafficking, counterfeit goods, and currency trading.
- Will Kenton
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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.
Learn the meaning of black-market as a verb and a noun, with examples of usage and word history. A black market is an illicit trade in goods or commodities in violation of official regulations.
Aug 8, 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.
A black market is an illegal trading system where goods and services are bought and sold outside of government regulation or control. This type of market often arises in response to shortages, high prices, or restrictive regulations imposed by the government, especially during times of crisis such as war.
illegal trading of goods that are not allowed to be bought and sold, or that there are not enough of for everyone who wants them: During the war, they bought food on the black market. They blamed high taxes for the growth of a black market in cigarettes. SMART Vocabulary: related words and phrases. Buying & selling - general words. all-you-can-eat.
Dec 31, 2021 · A black market is a platform where illegal goods or services are exchanged, often due to government regulations, taxes, or shortages. Learn about the causes, examples, and pros and cons of black markets.
