What is Black market?
[[File:Yellow Cannabis strain.jpg|thumb|Illegal crops such [[cannabis]] are usually [[cash crop]]<nowiki/>s.]] The '''black market''' is the [[trade]] of [[Good (economics)|goods]] [[illegal]]ly. Black markets operate [[Informal economy|outside the normal economy]]. The black market is different from the so-called [[Grey market]], where goods are traded legally, but outside the common channels. Goods and services traded on the black market include [[drug trafficking|drug]] and [[arms trafficking]] as well as [[human trafficking]] and [[prostitution]]. In some cases, the goods or services are cheaper than on the normal market, because [[tax]]es or [[production cost]]s do not need to be paid - very often the goods traded were stolen. In other cases, the price on the black market is higher, because the goods are difficult to get, and producing or handling them may be dangerous. Prices in the [[illegal drug trade]] are often much higher than for similar but legitimate goods, for these reasons. As with legitimate trade, the [[economics|economic principles]] are still that of a market: [[supply and demand]] influence the price. == Related page == *[[Smuggling]] {{stub}} [[Category:Crime]] [[Category:Economic markets]]