Black Market

by Zeyang W.

Black market without government approval and illegally formed to deal allowed commodity market price or higher than the open market price, the characteristics of its secret trading market. Such as black market stock, gold and silver, smuggling and other black market goods. In order to escape the country on trading behavior of commodity prices, exchange rate and securities market prices, interest rates and other restrictions on the formation, known as the black market. Traded on the black market price, said the black market price. This refers to the use of improper means hedging of production and tight important consumer goods to high resale or trafficking in contraband smuggling, antique artifacts, exotic jewelry, firearms, ammunition, gold and silver, foreign exchange profits from securities trading.

There is a demand there will be supply a market. Essentially the black market is actually a natural formation in the market. But since human beings have consciousness of civilization, all acts will have good and evil points, thus the formation of the moral and legal. The so-called black market is unethical or substandard legal market. But this demand and supply still exists, so both parties will look for other ways to go underground from the ground, thereby forming the black market.

The emergence and development of the black market have adverse consequences to economic development and national interests. Make national cultural treasures outflow of counterfeit and shoddy goods flooding the market, a shortage of product concentration, the market out of control, rising prices, harm the interests of consumers, undermining the country's economic construction, harm the national interest.

sources:

pushit95notany."Black Market Reloaded-Tips To Stay Anmonyous".blog. October 17, 2013.web.Mar 2016