BLACKMARKET

Black market

A black market or underground economy is the market in which goods or services are traded illegally. The key distinction of a black market trade is that the transaction itself is illegal. The goods or services may or may not themselves be illegal to own, or to trade through other, legal channels. Because the transactions are illegal, the market itself is forced to operate outside the formal economy, supported by the established state power. Two common motives for operating in black markets are to trade contraband, or to avoid taxes or price controls. Typically the totality of such activity is referred to with the definite article as a complement ...

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Black Market

Black Market is an instrumental jazz fusion album released by Weather Report in 1976. This album was produced by Joe Zawinul and Wayne Shorter. It was recorded in December 1975 and released in April 1976 through Columbia Records. Columbia released it again as a digitally remastered CD in 1991.

The above text is a snippet from Wikipedia: Black Market (album)
and as such is available under the Creative Commons Attribution/Share-Alike License.

black market

Noun

  1. trade that is in violation of restrictions, rationing or price controls
  2. the people who engage in such trade (considered as a group), or that sector of the economy


The above text is a snippet from Wiktionary: black market
and as such is available under the Creative Commons Attribution/Share-Alike License.

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