Difference between revisions of "Black market"
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(Created page with 'The '''black market''' is a market run apart from the regular economy. Items sold on the black market often are illegal goods such as drugs or stolen goods, but they may also be ...') |
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| − | The '''black market''' is a market run apart from the regular economy. | + | 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. |
Revision as of 03:28, November 6, 2009
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.
