black market
Plural
black markets
1
the illegal purchase and selling of goods in high price, ofen in an unreasonable price
- The government’s strict import regulations led to the rise of a black market for electronics, where consumers were willing to pay double the retail price for the latest gadgets.
- In countries facing severe shortages, the black market flourished, with people selling essential goods like food and fuel at outrageous prices.
- Authorities are cracking down on the black market for stolen art, which has seen a surge in activity as collectors seek rare pieces without the proper documentation.
- The documentary explored the impact of the black market on local economies, highlighting how it undermines legitimate businesses and fuels crime.
- During the pandemic, the black market for medical supplies skyrocketed, with sellers taking advantage of desperate healthcare providers by charging exorbitant fees for masks and ventilators.