What is "black market"

black market \black market\ n.

1. the illicit buying and selling of goods, in violation of price controls, rationing, tax laws, prohibition of sale, etc.

2. a place where such illegal commerce is conducted, or the entire system of such illicit commerce considered as a whole; as, the black market accounts for twenty percent of the Ukrainian economy.

1931, from black + market.

alt. 1 trade that is in violation of restrictions, rationing or price controls 2 the people who engage in such trade (considered as a group), or that sector of the economy n. 1 trade that is in violation of restrictions, rationing or price controls 2 the people who engage in such trade (considered as a group), or that sector of the economy

1. n. people who engage in illicit trade

2. an illegal market in which goods or currencies are bought and sold in violation of rationing or controls

3. v. deal in illegally, such as arms or liquor [syn: run]

Black Market is an instrumental jazz fusion album released by Weather Report in 1976. This album was produced by Joe Zawinul and Wayne Shorter. It was recorded in December 1975 and released in April 1976 through Columbia Records. Columbia released it again as a digitally remastered CD in 1991.

This is Weather Report's seventh overall album and the first with the bass player Jaco Pastorius who features on two tracks. The back cover photo shows Pastorius, Chester Thompson and Alex Acuña with the band, although Alphonso Johnson played on more than half of the record. The album draws heavily from African influences and its style could be described as "world fusion". The second song, "Cannon Ball" is tribute to Zawinul's then recently deceased former band leader, saxophonist Julian "Cannonball" Adderley.

"Black Market" is the fourteenth episode of the second season of the reimagined Battlestar Galactica television series. It aired originally on the Sci Fi Channel on January 27, 2006. In the episode, Apollo's investigation of the fleet's black market becomes intertwined with his involvement with a prostitute. The episode was a disappointment both to executive producer Ronald D. Moore and to critics, several of whom called it the series's worst episode.

A black market is a covert trade in illegal or stolen goods.

Black Market may also refer to:

• Black Market (Weather Report album), a 1976 album by Weather Report
• Black Market (Rick Ross album), a 2015 album by rapper Rick Ross
• "Black Market" (Battlestar Galactica), an episode of Battlestar Galactica
• Black Market (novel) or Black Friday, a 1986 novel by James Patterson
• Black Market Magazine, a defunct American entertainment magazine
• Black Market Music (record label), an Australian blues and roots-music label
• Blackmarket (film), a 1967 Indian film
• The Black Market (film), a 1953 Argentine crime film
• The Black Market (Rise Against album), a 2014 album by Punk Rock band Rise Against

Black Market (Kannada: ಬ್ಲಾಕ್ ಮಾರ್ಕೆಟ್) is a 1967 Indian Kannada film, directed by S. N. Singh and produced by S. N. Singh. The film stars Dikki Madhavarao, Narasimharaju, Sampath and Meese Muniyappa in lead roles. The film had musical score by Chellapilla Satyam.

Black Market is the eighth studio album by American rapper Rick Ross. The album was released on December 4, 2015, by Maybach Music Group, Def Jam Recordings and Slip-n-Slide Records. The album features guest appearances from John Legend, CeeLo Green, Nas, DJ Premier, Mariah Carey, Mary J. Blige, Chris Brown, Future and The-Dream.

A black market, underground economy, or shadow economy is a market characterized by some form of noncompliant behavior with an institutional set of rules. If the rule defines the set of goods and services whose production and distribution is prohibited by law, non-compliance with the rule constitutes a black market trade since the transaction itself is illegal. Parties engaging in the production or distribution of prohibited goods and services are members of the illegal economy. Examples include the drug trade, prostitution, illegal currency transactions and human trafficking. Violations of the tax code involving income tax evasion constitutes membership in the unreported economy. Because tax evasion or participation in a black market activity is illegal, participants will attempt to hide their behavior from the government or regulatory authority. Cash usage is the preferred medium of exchange in illegal transactions since cash usage does not leave a footprint. Common motives for operating in black markets are to trade contraband, avoid taxes and regulations, or skirt price controls or rationing. Typically the totality of such activity is referred to with the definite article as a complement to the official economies, by market for such goods and services, e.g. "the black market in bush meat".

The black market is distinct from the grey market, in which commodities are distributed through channels which, while legal, are unofficial, unauthorized, or unintended by the original manufacturer, and the white market.

Black markets have online counterparts consisting of darknet market websites such as the Silk Road, individual websites, forums and chat rooms. While overlaps exist, the online markets are focused on specific areas including drugs, compromised credentials, malware, digital goods and weapons. Piracy specifically takes place on private or public warez and BitTorrent sites as well as various peer-to-peer file sharing networks.