Categorized In: Shopping , Finance & Economy , Language & Lookup
Source: WordNet Search - 3.0 | wordnetweb.princeton.edu
6 days ago, 11:21pm
Black market 1. The illegal business of buying or selling goods or currency in violation of restrictions such as price controls or rationing. 2. A place where these illegal operations are carried on. ChaCha on!
The black market is not a physical place but an economic activity in which merchandise or services are bought and sold illegally.
The black market is a market consisting of all commerce on which applicable taxes and/or regulations of trade are being avoided.
"Black market" isn't a place; it's a term for the illegal buying or selling of goods or currency in violation of restrictions.
