Black-Market - English Definition & Meaning

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Definition

A 'black-market' refers to the illegal trading of goods or services, often to avoid taxes or regulations. It thrives where there is high demand and limited legal supply. Think of it as the underground economy. It often involves goods that are restricted, prohibited, or heavily taxed. 🀫 Like buying cigarettes without paying taxes or trading in endangered animal parts πŸ’―.

Etymology

The term 'black market' originated in France ('marchΓ© noir') during World War II, referring to the illegal sale of rationed goods. The 'black' signifies the hidden and illegal nature of the trading. The term quickly spread to other languages, including English, retaining its original meaning.

Related Words

Examples

  • "During the war, many people relied on the black market for essential goods."
  • "The black market for weapons is a major concern for law enforcement."
  • "The government is trying to crack down on the black market in endangered species."
  • "Drug trafficking is a major component of the global black market."

Anecdote / Story

In 'The 100', after the Earth is destroyed by nuclear war, resources are scarce, leading to a sort of black market within the Ark and later on the ground. Characters trade valuable supplies and information under the table, outside of official channels, to survive. It's a desperate situation driving an illegal economy. ☒️

Encouragement

Use 'black market' to describe illegal trading and economic activities that operate outside the law. It's a term that conveys secrecy and risk. Stay informed about the dangers of the black market! πŸ˜‰

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