A nbsp;black market nbsp;or nbsp;underground economy' nbsp;is a market nbsp;in which goods or services are traded illegally. The key distinction of a ...

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Standard XI

Economics

Price Ceiling

What is black...

Question

What is black market

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Solution

A black market or underground economy' is a market in which goods or services are traded illegally. The key distinction of a black market trade is that the transaction itself is illegal.

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