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Black Market |
Also found in: Dictionary/thesaurus, Encyclopedia, 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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Levine should well know that prohibition, such as he proposes, merely creates thriving secondary or black markets, whether for booze, dope or light bulbs. They will be sold on gray and black markets to the lower middle class and cities, where there will be a temptation to use them as a new kind of television," he says. We learn about the enormous asteroid that hit the earth about 65 million years ago, dinosaur fossils that dot only the landscape of North America, fossil black markets, NSA eavesdropping capabilities, fictional geologic finds and canyons. |
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