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social science subjects > economics > economic systems > black markets
... > social science subjects > politics and international relations > political science > comparative politics > economic systems > black markets
... > social science subjects > politics and international relations > political science > ideologies > libertarianism > libertarianism and policy > black markets
social science subjects > business and management > sociology of work > modes of employment > black markets
social science subjects > sociology > sociology of work > modes of employment > black markets

Preferred term

black markets  

Definition

  • The underground economy, the “black market,” or the shadow economy, consists of economic exchanges that exist outside the state-taxable market. This illicit marketplace consists of both illegal goods and services as well as legal goods, and is occupied by a number of players who also operate in both economies. [Source: Encyclopedia of Street Crime in America; Black Market]

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https://concepts.sagepub.com/social-science/concept/black_markets

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