black market

black market definition - business

black market

The market in which controlled or illegal goods and services are bought and sold without regulation by government authorities. Illegal drugs and child pornography are examples of goods that trade on the black market.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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