Question

______________ refers to an economic activity in which goods and services are bought and sold illegally.

• A. Black marketing
• B. Hoarding
• C. Monopoly market
• D. None of the above

Answer 1

The correct option is A Black marketing

Black market is an intangible market that deals in buying and selling of illegal products without concern of business law. These products are sold at very high prices which are not accounted by the government and transforms into black money. It operate outside the purview and regulation of the government or the judiciary system.