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.

ChatGPTRate this definition:0.0 / 0 votes

1. black market

   A black market is a type of economic activity that occurs outside of government-sanctioned channels. It involves the production, distribution, and consumption of goods and services that are generally illegal or not regulated by the authorities. These markets are often created in response to government restrictions, such as high taxes, price controls, or outright prohibitions. Products typically traded in the black market can include drugs, firearms, stolen goods, counterfeit money, illegal wildlife or even legal goods sold illicitly to evade taxes or other government regulations. Its transactions are typically conducted in secret to avoid penalties and prosecution.

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. Jack Patel:

   It's ridiculous, it's just going to promote more black market sales.

2. Stuart Jones:

   Their goal is to sell these antiquities on the global black market.

3. Flagler County Sheriff Rick Staly:

   They have seen these bricks that are marked with the Mexican cartel's logo. They're very proud of their product. I've been to the border. I've seen what's going on there. They're lacing fentanyl to give the impression that it's an Adderall or it's whatever pill that somebody thinks they're buying on the black market, when in fact, it's a fake pill, and it's laced with fentanyl, we're seeing that in our heroin. Marijuana is being laced with fentanyl to give the smoker a better high. They're really playing … Russian Roulette because they just don't know when they're going to get that fatal dose.

4. James Jacobs:

   I’m skeptical on the ability to clamp down on guns. That horse has already left the stable, most people who are highly dangerous don’t go to a legal gun dealer. They go on the internet or the black market or just get someone else to buy a gun for them.

5. Lopez Obrador:

   We are going to eradicate that which not only causes material damages, it is not only what the nation loses by this illegal trade, this black market of fuel, but the risk, the danger, the loss of human lives.

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. ^ ChatGPT
   https://chat.openai.com
5. ^ Wikidata
   https://www.wikidata.org/w/index.php?search=black market