Changes

The '''black market''' is a market run apart from the regular economy.  The black market includes transactions of illegal goods or services such as drugs, prostitution, selling stolen goods, or otherwise legal goods where the parties are trying to avoid taxation, such as smuggled cigarettes.  Generally, an increase in regulations and/or a decrease in the rule of law leads to an increase in black market activity.

The '''black market''' is a market run apart from the regular economy.  The black market includes transactions of illegal goods or services such as drugs, prostitution, selling stolen goods, or otherwise legal goods where the parties are trying to avoid taxation, such as smuggled cigarettes.  Generally, an increase in regulations and/or a decrease in the [[rule of law]] leads to an increase in black market activity.