Examples of black market in a Sentence
The black market in prescription drugs is thriving.
They unloaded the stolen goods on the black market.
Recent Examples of black market from the Web
And second, the money generated through taxation on a product that is currently, of course, tax free on the black market.
Fraud experts tell NBC News everyone should assume their Social Security number has been hacked and is available for sale on the black market.
And insiders at military compounds sometimes steal radioactive material and sell it on the black market.
So the economic resources used to buy cannabis no longer go to the black market.
In Mute, Rudd and Theroux play Cactus Bill and Duck, two black market surgeons who seem to be in some way connected to the movie's main character, bartender Leo (Alexander Skarsgard), and his search for his missing girlfriend.
Sales have been down as well, as some buyers, put off by high state and local taxes, opted for the black market.
The move should create a national testbed that will help answer questions about effects on public health and the black market.
The customs agency's announcement was seen as an effort to tighten the screws on the growing black market.
These example sentences are selected automatically from various online news sources to reflect current usage of the word 'black market.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.
Financial Definition of BLACK-MARKET
What It Is
A black market is the illegal purchase and sale of goods and services.
How It Works
Drug dealing is one of the most prominent black markets in the United States. In this black market, people buy and sell drugs knowing that such activity is usually illegal and that possessing the products themselves is usually illegal. Regardless, the demand for drugs is high enough to trump the law, though people usually attempt to conceal their participation.
Many black markets exist beyond drugs, however, and though the products or services may be legal, the manner in which they are bought and sold may be illegal. For example, it is legal to have a cleaning lady, but it is illegal to hire a cleaning lady who is not in the United States legally.
Because regulatory constraints may increase the price of some goods and services, in some cases regulation can actually prompt the development of black markets. This was particularly the case in the early 1900s, when the United States outlawed alcohol, which created a massive black market for the production, transportation and sale of liquor.
Why It Matters
The presence of black markets all over the world is evidence that the laws of supply and demand are virtually impossible to defy. When regulation or taxation becomes too high, when supply and demand are way out of balance, or when competition has been too restricted, people will always look for a way to get goods or services cheaper, faster or more easily.
BLACK-MARKET Defined for English Language Learners
Definition of black market for English Language Learners
: a system through which things are bought and sold illegally
Seen and Heard
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