Simple Definition of black market
: a system through which things are bought and sold illegally
Full Definition of black market
: illicit trade in goods or commodities in violation of official regulations; also : a place where such trade is carried on
Examples of black market
The black market in prescription drugs is thriving.
They unloaded the stolen goods on the black market.
First Known Use of black market
Learn More about black market
Britannica.com: Encyclopedia article about "black market"
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