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Black Market |
Also found in: Dictionary/thesaurus, Encyclopedia, Wikipedia, Hutchinson | 0.03 sec. |
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Black Market A type of economic activity that takes place outside of government-sanctioned channels. Black-market transactions typically occur as a way for participants to avoid government price controls or taxes, conducting transactions 'under the table'. The black market is also the means by which illegal substances or products - such as illicit drugs, firearms or stolen goods - are bought and sold. Notes: While the black market is commonly associated with criminal activities involving drugs or weapons, it also has a financial component: black currency-exchange markets almost always appear when government controls on exchange rates prevent the use of natural exchange rates in the global marketplace. Black market An illegal market. |
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? Mentioned in | ? References in periodicals archive | |
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A 2 September 2004 article in Nature says many Thai farmers are turning to ineffective black-market vaccines to avoid killing their birds. So if I am late, they will go with someone else"--which is to say, another legitimate distributor with better black-market connections. Though illegal, black-market cassettes are plentiful enough to have become the foundation of a lively Persian rock scene. |
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black-market
