Definitions for black market
black mar·ket

Princeton's WordNetRate this definition:0.0 / 0 votes

1. black marketnoun

   people who engage in illicit trade

2. black marketadjective

   an illegal market in which goods or currencies are bought and sold in violation of rationing or controls

3. bootleg, black, black-market, contraband, smuggledverb

   distributed or sold illicitly

   "the black economy pays no taxes"

4. run, black marketverb

   deal in illegally, such as arms or liquor

WiktionaryRate this definition:0.0 / 0 votes

1. black marketnoun

   trade that is in violation of restrictions, rationing or price controls

2. black marketnoun

   the people who engage in such trade (considered as a group), or that sector of the economy

WikipediaRate this definition:0.0 / 0 votes

1. Black market

   A black market, underground economy, or shadow economy is a clandestine market or series of transactions that has some aspect of illegality or is characterized by noncompliance with an institutional set of rules. If the rule defines the set of goods and services whose production and distribution is prohibited by law, non-compliance with the rule constitutes a black market trade since the transaction itself is illegal. Parties engaging in the production or distribution of prohibited goods and services are members of the illegal economy. Examples include the illegal drug trade, prostitution (where prohibited), illegal currency transactions, and human trafficking. Violations of the tax code involving income tax evasion constitute membership in the unreported economy.Because tax evasion or participation in a black market activity is illegal, participants attempt to hide their behavior from the government or regulatory authority. Cash is the preferred medium of exchange in illegal transactions since cash transactions are less-easily traced. Common motives for operating in black markets are to trade contraband, avoid taxes and regulations, or skirt price controls or rationing. Typically the totality of such activity is referred to with the definite article, e.g. "the black market in bush meat". The black market is distinct from the grey market, in which commodities are distributed through channels that, while legal, are unofficial, unauthorized, or unintended by the original manufacturer, and the white market, in which trade is legal and official. Black money is the proceeds of an illegal transaction, on which income and other taxes have not been paid, and which can only be legitimised by some form of money laundering. Because of the clandestine nature of the black economy it is not possible to determine its size and scope.

WikidataRate this definition:0.0 / 0 votes

1. 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. Common motives for operating in black markets are to trade contraband, avoid taxes, or skirt price controls. Typically the totality of such activity is referred to with the definite article as a complement to the official economies, by market for such goods and services, e.g. "the black market in bush meat". The black market is distinct from the grey market, in which commodities are distributed through channels which, while legal, are unofficial, unauthorized, or unintended by the original manufacturer, and the white market. The black market is considered a subset of the informal economy, of which 1.8 billion people worldwide are employed.

Matched Categories

1. • Crime
   • Market
   • Trade

How to pronounce black market?

1. Alex

   US English

   David

   US English

   Mark

   US English

   Daniel

   British

   Libby

   British

   Mia

   British

   Karen

   Australian

   Hayley

   Australian

   Natasha

   Australian

   Veena

   Indian

   Priya

   Indian

   Neerja

   Indian

   Zira

   US English

   Oliver

   British

   Wendy

   British

   Fred

   US English

   Tessa

   South African

How to say black market in sign language?

Numerology

1. Chaldean Numerology

   The numerical value of black market in Chaldean Numerology is: 2

2. Pythagorean Numerology

   The numerical value of black market in Pythagorean Numerology is: 7

Examples of black market in a Sentence

1. Mark Turnage:

   The darknet is that part of the Internet where most people don’t go — for a reason, it is the black market of the Internet — where stolen information is bought and sold. It is where illegal transactions take place.

2. Rodolphe Debord:

   These thieves knew exactly what monkeys they wanted to steal, there are two possibilities. Either a collector or the black market for new types of pets.

3. Vladimir Teznjan:

   It is an open secret ... I know that many farmers are buying them (neonicotinoids) on the black market.

4. Leigh Henry:

   The threat is still the gillnet, but Leigh Henry’re now dealing with a whole new industry, instead of legal shrimp fishers, we’re now dealing with transnational organized crime and people working on the black market. In the last few years, the Mexican government has stepped up its efforts to curtail poaching in the Gulf of California – the body of water that separates the Baja Peninsula from the rest of Mexico – adding in June two small boats, a number of vehicles and 135 sailors to an enforcement force deployed in 2015 under the Upper Gulf of California Integrated Protection Program. The new support joined the 13 ships, five vehicles, a helicopter-carrying ship and a plane already deployed to combat illegal fishing in the region. The U.S., which is seen as the main transshipment country for the totoaba’s bladders, has also joined in the fight against traffickers. Last year, U.S. Customs and Border Protection seized 1,328 pounds of totoaba fish bladders that were in route to Hong Kong. While conservationists agree that the main battle to save the totoaba and vaquita is in Mexican water, they acknowledge that the demand for the bladders in China is the reason for the illegal trade and argued that officials in Beijing and Hong Kong need to crack down on the underground fish trade. ' WORLD'S SADDEST POLAR BEAR' MOVED AFTER OUTPOURING OF OUTRAGE TOWARDS CHINESE MALL The problem, experts argue, is that wildlife trafficking is so pervasive in the world’s most populous nation that authorities are stretched thin and forced to give priority to larger cases.

5. Fitz Couhig:

   I got retailers beating me down to sell for black-market prices.

References

1. ^ Princeton's WordNet
   http://wordnetweb.princeton.edu/perl/webwn?s=black market
2. ^ Wiktionary
   https://en.wiktionary.org/wiki/Black_Market
3. ^ Wikipedia
   https://en.wikipedia.org/wiki/Black_Market
4. ^ Wikidata
   https://www.wikidata.org/w/index.php?search=black market