Black Market

Black Market

A type of economic activity that takes place outside of government-sanctioned channels. Black-market transactions typically occur as a way for participants to avoid government price controls or taxes, conducting transactions 'under the table'. The black market is also the means by which illegal substances or products - such as illicit drugs, firearms or stolen goods - are bought and sold.

While the black market is commonly associated with criminal activities involving drugs or weapons, it also has a financial component: black currency-exchange markets almost always appear when government controls on exchange rates prevent the use of natural exchange rates in the global marketplace.


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  • black market — noun singular the illegal buying and selling of goods, especially when it is difficult or expensive to obtain them legally: There s a thriving black market in vodka and cigarettes. on the black market: Rhino horns can fetch up to $5,000 on the… …   Usage of the words and phrases in modern English

  • black market — black markets N COUNT If something is bought or sold on the black market, it is bought or sold illegally. There is a plentiful supply of arms on the black market. ...black market food prices …   English dictionary

  • black market — 1931, from BLACK (Cf. black) + MARKET (Cf. market) …   Etymology dictionary

  • black-market — black′ mar′ket v. i. 1) bus to buy and sell goods in the black market 2) bus to sell in the black market • Etymology: 1930–35 black′ marketeer′, black′ mar′keter, n …   From formal English to slang

  • black market — lack market n. 1. the illicit buying and selling of goods, in violation of price controls, rationing, tax laws, prohibition of sale, etc. [PJC] 2. a place where such illegal commerce is conducted, or the entire system of such illicit commerce… …   The Collaborative International Dictionary of English

  • black market — n. a place or system for selling goods illegally, as in violation of rationing black market vt., vi. black marketeer (or marketer) vi …   English World dictionary

  • black market — [n] illegal sales bootleg market, underground, underground market, underworld market; concept 323 …   New thesaurus

  • black-market — lack market adj. distributed or sold illicitly. Syn: bootleg, contraband, smuggled. [WordNet 1.5] …   The Collaborative International Dictionary of English

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