Underground Economy

1 words in this vocabulary list

noun a system in which goods or services are bought and sold illegally, usually to avoid government regulations or taxes

  • The government is cracking down on the black market for counterfeit goods.
  • I heard you can get cheap electronics on the black market.
  • Don't mess with the black market, it's too risky.
  • His reputation on the black market of gossip was unmatched.