Definition and Citations:
An illegal market when consumer goods are not easy to find and taxed highly. Prices are either higher than controlled prices or lower due to tax evasion. Black markets have black money.
Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.
An illegal market when consumer goods are not easy to find and taxed highly. Prices are either higher than controlled prices or lower due to tax evasion. Black markets have black money.