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Black Market
(redirected from Underground economy)

   Also found in: Dictionary/thesaurus, Legal, Encyclopedia, Wikipedia 0.01 sec.
Black market
An illegal market.

Black Market
A market for products that are illegal, stolen, or otherwise need to be hidden from regulatory authorities. A black market encompasses the horrific (e.g. human trafficking) as well as the more mundane (e.g. participating in the market to evade taxes). Legal products on a black market are usually less expensive than on the regulated market because sellers do not pay taxes on their goods and services. That said, there is little or no recourse for the customer if and when a black market product fails. It is worth noting that black markets tend to be largest in jurisdictions where there are the most regulations and government monopolies. It is also known as an underground market.


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According to a new report from the SecureWorks Counter Threat Unit titled "The Underground Economy of the Pay-Per-Install Business," the method begins when an affiliate interested in building a network of infected computers signs up to a PPI site and receives files from the PPI provider.
Their topics include a new paradigm for migration in a globalized world, modeling inter-regional migration, migration between US states, the mobility of highly educated workers within the high technology sector in Finland, the impact of immigration on the employment of natives in regional labor markets, ethnic network externalities and labor market integration, the international economic integration and migration in Romania, and illegal immigration and the underground economy.
Guy Bunker, of Symantec, said: "This recession-proof underground economy is reaching such a level of growth that there are signs of a price war developing.
 
 
 
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