black market economy

Fin
a system of illegal trading in officially controlled goods, or an illicit secondary currency market that has rates markedly different from those in the official market

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Look at other dictionaries:

  • black-market economy — /blæk mɑ:kɪt ɪˌkɒnəmi/ noun an economy, or part of an economy, that functions by illegally trading goods that are normally subject to official controls …   Marketing dictionary in english

  • Black Market Economy —    Transactions not officially recorded due to tax evasion …   Financial and business terms

  • Black Market —    Market driven commercial activity occurring outside the state controlled economy of the Burma Socialist Programme Party (BSPP) period (1962 1988), which Ne Win labeled economic insurgency and tried to cripple with demonetization and other… …   Historical Dictionary of Burma (Myanmar)

  • black market — n the system by which people illegally buy and sell foreign money, goods that are difficult to obtain etc black market in ▪ There was a thriving black market in foreign currency. ▪ Many foods were only available on the black market . ▪ black… …   Dictionary of contemporary English

  • 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 — adjective distributed or sold illicitly (Freq. 1) the black economy pays no taxes • Syn: ↑bootleg, ↑black, ↑contraband, ↑smuggled • Similar to: ↑illegal …   Useful english dictionary

  • black market — noun (C) the system by which people illegally buy and sell foreign money, goods that are difficult to obtain etc (+ in): There s a thriving black market in vehicle parts. | on the black market: The exchange rate for dollars was much higher on the …   Longman dictionary of contemporary English

  • black market — noun a) trade that is in violation of restrictions, rationing or price controls b) the people who engage in such trade (considered as a group), or that sector of the economy …   Wiktionary

  • black market — An alternative term for activity in an Underground economy …   Auditor's dictionary

  • black market —  Illegal buying and selling of products.  See also parallel economy …   American business jargon

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