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English definition of “black market”

black market

noun [C usually singular] uk   us  
illegal trading of goods that are not allowed to be bought and sold, or that there are not enough of for everyone who wants them: During the war, they bought food on the black market. They blamed high taxes for the growth of a black market in cigarettes.
black marketeer
noun [C] uk   us  
(Definition of black market from the Cambridge Advanced Learners Dictionary & Thesaurus © Cambridge University Press)
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