Black market

A black market, underground economy, or shadow economy is a market in which goods or services are traded illegally. The key distinction of a black market trade is that the transaction itself is illegal. The goods or services themselves may or may not be illegal to own, or to trade through other, legal channels. Because the transactions are illegal, the market itself is forced to operate outside the formal economy that is supported by the established state power. Common motives for operating in black markets are to trade contraband, avoid taxes and regulations, or skirt price controls or rationing. Typically the totality of such activity is referred to with the definite article as a complement to the official economies, by market for such goods and services, e.g. "the black market in bush meat".

The black market is distinct from the grey market, in which commodities are distributed through channels which, while legal, are unofficial, unauthorized, or unintended by the original manufacturer, and the white market.

Black Market (disambiguation)

A black market is a covert trade in illegal or stolen goods.

Black Market may also refer to:

See also

Black Market (Weather Report album)

Black Market is an instrumental jazz fusion album released by Weather Report in 1976. This album was produced by Joe Zawinul and Wayne Shorter. It was recorded in December 1975 and released in April 1976 through Columbia Records. Columbia released it again as a digitally remastered CD in 1991.

This is Weather Report's seventh overall album and the first with the bass player Jaco Pastorius who features on two tracks. The album draws heavily from African influences and its style could be described as "world fusion". The second song, "Cannon Ball" is tribute to Zawinul's then recently deceased former band leader, saxophonist Julian "Cannonball" Adderley.

Track listing

Side A

Side B

Personnel