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What is the black market
What is the black market




Exploitation of workers: the exploitation of workers is the most prominent of the cons of the black market, as workers do not have any legal protection, or benefits at work.Loss of government revenue: government lose their revenues Because of the black market activities of non-taxable, where the government uses the funds to provide various services to citizens in the country.Losses in local industries: local industries are exposed legitimate heavy losses Because of their inability to compete with low-cost industries illegal, as some of the vendors on the black market monopoly of some legal goods To force people to buy these goods from them.There are many negative effects of the market on the black community, including the following: The black market source of income, providing a lot of jobs for individuals who do not have job opportunities are good in the local market, as competing for many businessmen who sell similar products on the black market, estimated the Organization for Economic Cooperation and Development in 2009 that the black market employs approximately of 1.8 billion people, and allow them to bear the cost of medicines, health services, and other basic products that they can not get them on legal ways. įlourishing black market in consumer goods with limited economies, where goods are sold at high prices on the black market, and indicated that the prices of some goods in this market can be less controlled or tax rates Due to tax evasion. Know the black market as a commercial market in violation of the general regulations, such as laws imposed on some legal goods, or rationing laws, or some official currency exchange rates, due to the emergence of these goods on the black market Due to the imposition of prices or high fees on the legal goods, or because of the theft and tradition shares some of the ration materials For a certain amount of goods.






What is the black market