Encyclopedia - Business/Economics Category

Business/Economics - learn from the smartest.

Upgrade to Britannica Online

Take a tour, New improved britannica online

Imagine Britannica's 32-volume encyclopedia online right there for you, plus full access to articles. Amazing content, written by world experts, that you can cite for projects and assignments.

Click here for Britannica shop

black market

black market extract from Britannica Online.

Trading in violation of publicly imposed regulations such as rationing laws, laws against the sale of certain goods, and official rates of exchange among currencies. Black-market activity is common in wartime, when scarce goods and services are often strictly rationed (see rationing). Black-market foreign-exchange transactions flourish in countries where convertible foreign currency is scarce and foreign exchange is tightly controlled.

black market is one of 26,000 free short articles on Britannica Philippines

Find more information on black market. Upgrade to Britannica Online for more on black market.

  • Get more

  • M?ss?ng more?

    Subscribers see 10 times more content. Just US $69.95 per year

  • Britannica, just as colourful as The Philippines
  • There's more to Britannica Online than words! Discover photos, graphics, videos, charts, as well as thousands of expert views and articles by the world's leading scholars.