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black market
1noun
- the illicit buying and selling of goods in violation of legal price controls, rationing, etc.
- a place where such activity is carried on.
black-market
2[ blak-mahr-kit ]
verb (used without object)
- to black-marketeer.
verb (used with object)
- to sell (something) in the black market.
black market
noun
- any system in which goods or currencies are sold and bought illegally, esp in violation of controls or rationing
- ( as modifier )
black market lamb
- the place where such a system operates
verb
- to sell (goods) on the black market
black market
- The illegal buying and selling of goods above the price fixed by a government. Black markets usually develop when, because of war, disaster, or public policy, a government tries to set prices for commodities instead of allowing the normal operations of supply and demand to set prices.
Derived Forms
- black marketeer, noun
51Թ History and Origins
Origin of black market1
Origin of black market2
Example Sentences
A 2023 UN report said the Taliban allowed local commanders to retain 20% of seized US weapons, and that the black market was thriving as a result.
The majority of the UK's exported waste tyres are sold into the Indian black market, and this is well known within the industry, BBC File on 4 Investigates has been told.
Department of Justice attorneys say the native North American species is coveted by a rising middle class and are worth at least $2,000 each on the black market.
"People slide along on that low level of income, perhaps dipping into the black market, but their aspirations are so low and the communities do not change."
Abalone remain the target of poachers, and there is an extensive black market that pays a premium for them, Windsor police said.
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