What is Black Market

A black market, underground economy, or shadow economy is a clandestine market or series of transactions that has some aspect of illegality or is characterized by noncompliance with an institutional set of rules. If the rule defines the set of goods and services whose production and distribution is prohibited or restricted by law, non-compliance with the rule constitutes a black-market trade since the transaction itself is illegal. Parties engaging in the production or distribution of prohibited goods and services are members of the illegal economy. Examples include the legal drug trade, prostitution, legal currency transactions, and human trafficking. Violations of the tax code involving income tax evasion constitute membership in the unreported economy.

How you will benefit

(I) Insights, and validations about the following topics:

Chapter 1: Black market

Chapter 2: Organized crime

Chapter 3: Smuggling

Chapter 4: Informal economy

Chapter 5: Seigniorage

Chapter 6: Index of economics articles

Chapter 7: Illegal drug trade

Chapter 8: Tax noncompliance

Chapter 9: Tax evasion

Chapter 10: Counter-economics

Chapter 11: Taxation in Iran

Chapter 12: Directorate of Revenue Intelligence

Chapter 13: Household electricity approach

Chapter 14: Automated Payment Transaction tax

Chapter 15: Unreported employment

Chapter 16: Crime in Iran

Chapter 17: The Gold (Control) Act, 1968

Chapter 18: Indian black money

Chapter 19: Tax evasion in the United States

Chapter 20: Edgar L. Feige

Chapter 21: Illicit cigarette trade

(II) Answering the public top questions about black market.

(III) Real world examples for the usage of black market in many fields.

Who this book is for

Professionals, undergraduate and graduate students, enthusiasts, hobbyists, and those who want to go beyond basic knowledge or information for any kind of black market.