black market

     

Part of a series on Economic systems

Trivia about black market

  • It's a place or method for selling goods illegally
  • Term for the illegal buying or selling of goods in violation of rationing or price controls
  • In some countries you may get more for your dollar than the official exchange rate in this "colorful" arena
  • Where laws control sales through rationing or price controls, commerce outside those laws is in this colorful area