| Dictionary, Encyclopedia and Thesaurus - The Free Dictionary 1,724,324,477 visitors served. |
|
Dictionary/ thesaurus | Medical dictionary | Legal dictionary | Financial dictionary | Acronyms | Idioms | Encyclopedia | Wikipedia encyclopedia | ? |
Black Market |
Also found in: Dictionary/thesaurus, Encyclopedia, Hutchinson | 0.02 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. 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. |
|
| ? Mentioned in | ? References in periodicals archive | |
|---|---|---|
Some of the phones never arrived at all--most likely pirated by black marketeers adept at fencing Western technology. Black marketeers sweat the sales they need to survive. Along the way, the three men encounter ineffectual authorities, black marketeers, romantic brigands, bandits, hordes of war orphans and a few dedicated caretakers. |
| Financial Dictionary |
| Free Tools: |
For surfers:
Free toolbar & extensions |
Word of the Day |
Help
For webmasters: Free content | Linking | Lookup box | Double-click lookup | Partner with us |
|---|