Saturday, March 6, 2010

Black market


When we think of the term "Black market", we often think about movies where illegal transactions are held, usually things like drugs and weapons are the most common. Well we are not far from the real definition, but not just illegal suppliers. "Black market" is a nickname used for underground society, in which people trade goods with a lack of the regular norms of trading, to avoid taxes or to supply illegal things like drugs. Why people do this? Well, because it's easier for people to supply goods if they don't have to pay taxes, so they don't lose money on that kind of things, also when the product it's illegal or stolen, it gives the opportunity to suppliers to sell the product in higher prices than they produce it. It's easy to find this kind of economy in countries where corruption and regulations exist, but we can fint it in almost every country, just in less amount because of authorities. But with these products, there's no guarantee, so people prefer to buy their products from legal suppliers because they demand quality, but illegal stuff like drugs, weapons, and things that you can't find that easy or that are not available for you, you can find it there. But there's a high price for these suppliers, commonly jail, so we shouldn't contribute to this kind of trade because it can lead to worst things.

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