Black market definition — AccountingTools
www.accountingtools.com › 2017/9/13 › black-marketApr 10, 2021 · A black market involves the sale of goods and services in an illegal, uncontrolled and unregulated manner. Black markets typically arise when the government attempts to control prices or imposes an excessively high tax burden on transactions. For example, when a government imposes price controls on fuel, individuals willing to pay more than the ...