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Black Market |
Also found in: Dictionary/thesaurus, Legal, Encyclopedia, Wikipedia, Hutchinson | 0.02 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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Officials believe the threat is growing because more of the systems are showing up on the black market. Yet thanks to the black market (the free market driven underground by government regulation), drugs are available everywhere, including inside prisons and in schools. Among other topics, the author examines infant deaths, the black market in organs and tissues, and the notion of the perfect crime. |
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