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Black Market
(redirected from Unofficial Market)

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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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These regulations are expected to cater for reduced investor profits, volatility in the share prices and presence of unofficial market makers who may cause loss to the investors.
SECP approves regulations for market makers by Balochistan Times (Baluchistan Province, Pakistan)
These regulations are expected to cater for reduced investor profits, volatility in the share prices and presence of unofficial market makers who may cause loss to the investors.
Karachi Stock Exchange: Securities and Exchange Commission of ... by The Frontier Star (Northwest Frontier Province, Pakistan)
Political and economic instability, unofficial markets, complexity of tax laws, internationalisation and digitalisation (e-trade) of exchanges and competition among states to attract investments were presented as factors which mostly favour fraud and reduce effects of repression of this kind of "tax crime.
International colloquium on fight against tax evasion by Agency Tunis Afrique Press
 
 
 
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