The process of buying and selling a good or service at a price greater than the legal maximum set by the government or lower than the legal minimum set by the government Also refers to buying or selling a good or service outlawed by the government
If something is bought or sold on the black market, it is bought or sold illegally. There is a plentiful supply of arms on the black market. the system by which people illegally buy and sell foreign money, goods that are difficult to obtain etc black market in. Trading in violation of publicly imposed regulations such as rationing laws, laws against the sale of certain goods, and official rates of exchange among currencies. Black-market activity is common in wartime, when scarce goods and services are often strictly rationed (see rationing). Black-market foreign-exchange transactions flourish in countries where convertible foreign currency is scarce and foreign exchange is tightly controlled
Untaxed market in which people sell very scarce and/or illegal goods at prices above legal maximum set by government Not to be confused with Informal Market or Sector
an illegal market in which proscribed trades occur For instance, in war time, when coupons are required to buy certain basic commodities, it may be illegal to buy and sell coupons; black markets typically develop in which these coupons are in fact traded
an illegal market in which goods or currencies are bought and sold in violation of rationing or controls
a market in which goods and services are illegally traded at prices above the price ceiling (chapter 3)
an informal-and often illegal-system of exchanging goods The black market operates outside of the state-owned distribution system and usually charges high prices
an illegal market in which goods or currencies are bought and sold in violation of rationing or controls people who engage in illicit trade
[ 'blak ] (adjective.) before 12th century. Middle English blak, from Old English blæc; akin to Old High German blah black, and probably to Latin flagrare to burn, Greek phlegein.