The black market operates within the underground economy.
smuggled goods
Frequency:
60
%
The black market deals in smuggled goods from other countries.
illegal trade
Frequency:
55
%
The black market thrives on illegal trade.
counterfeit goods
Frequency:
50
%
The black market is flooded with counterfeit goods.
Idiomatic Expressions for black market
Phrase: black market prices
Meaning: refers to prices set by illegal sellers or traders that are typically higher than normal market prices
Usage: Due to scarcity, the medication was being sold at black market prices.