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Black Market |
Also found in: Dictionary/thesaurus, Legal, Encyclopedia, Wikipedia, Hutchinson | 0.01 sec. |
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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. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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A crackdown on corruption by President Raul Castro is causing consternation among ordinary Cubans, who say it is biting into the flourishing black market and reducing a prized source of cheaper food and other items, reports Reuters (Sept. Now my book, The Black Market Report on Ephedrine, is your only choice if you ever want to learn how to put the "power of ephedra" back into your life. Now my book, The Black Market Report on Ephedrine, is your only choice if you ever want to learn how to put the "power of ephedra" back into your life. |
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