Concept information
Preferred term
theories of prices and volumes in illicit markets
Definition
- Illegal drugs are consumer goods; they are produced, distributed, and sold through markets. Price, along with quantity, is a fundamental attribute of a market, so policy pays considerable attention to drug prices as well as to measures related to quantity, such as the prevalence and consequences of use. [Source: Encyclopedia of Drug Policy; Prices and Volumes in Illicit Markets, Theories of]
Broader concept
Belongs to group
URI
https://concepts.sagepub.com/social-science/concept/theories_of_prices_and_volumes_in_illicit_markets
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