black market
noun [C, usually singular] COMMERCEDefinition
› an illegal system in which products that are difficult or expensive to buy legally are bought and sold: Tickets were selling for up to $800 on the black market.black market in sth There is a growing black market in fake branded goods.black market for sth Gunmakers have been accused of feeding a black market for illegal handguns.
› an illegal system in which workers are employed for very low wages: Some unscrupulous employers take workers on the black market to avoid paying the minimum wage.
(Definition of black market noun from the Cambridge Business English Dictionary
© Cambridge University Press)
Browse the Dictionary
Browse the Thesaurus
More Results for “black market”
Word of the Day
Blog
Read our blog about how the English language behaves.
New Words
Find words and meanings that have just started to be used in English, and let us know what you think of them.
