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Home > QFINANCE Dictionary > Definition of black market

Definition of

black market

Markets

illegal market for scarce goods an illegal market, usually for goods that are in short supply, but also for currency. Black market trading breaks government regulations or legislation and is particularly prevalent during times of shortage or rationing, or in industries such as pharmaceuticals or armaments that are highly regulated.

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Definitions of ’black market’ and meaning of ’black market’ are from the book publication, QFINANCE – The Ultimate Resource, © 2009 Bloomsbury Information Ltd. Find definitions for ’black market’ and other financial terms with our online QFINANCE Financial Dictionary.

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