What is Grey market?
[[File:Parallel goods traders queuing outside SHS Exit C.JPG|thumb|right|250px|{{Center|Parallel goods (grey market) traders selling goods}}]] A '''grey market''' (or '''parallel market''') is a [[market]] where [[Good (economics)|goods]] are sold legally, but outside the commonly-used channels and at lower prices. They are sold without the permission of the manufacturer. [[Consumer]]s buying grey market goods risk not having [[Warranty|warranties]] honored.<ref name=Lipson303>Charles Lipson, ''Succeeding as an International Student in the United States and Canada'' (Chicago: University of Chicago Press, 2008), p. 303</ref> They risk getting [[user guide]]s and [[software]] in the wrong [[language]]. Packages may not include all [[accessories]] needed for a particular market. Sometimes grey market goods are sold without packaging, user guides or needed accessories. There is usually no after-sale support for products. Grey market products are often sold via the [[Internet]] without charging customers any [[sales tax]]. Products sold by grey marketers generally sell for much less than authorized dealers. This causes a loss of [[tax revenue]] to governments.<ref>'Grey market of handsets will cost the state $2.2 million', ''India Weekly Telecom Newsletter'', ed. Hui Pan, Vol. 1, No. 4 (15 February 2004), p. 2</ref> == References == {{reflist}} {{stub}} [[Category:Commerce]]